Listed by Colliers - Bakersfield, California
$3,950,000
The Iconic Oak Park Tower
Details
APN 003-16107
Property Type Office
Square Footage 34,361
Tenancy Multi
Price per SqFt $103
Year Built 1970
Buildings 3
Stories 5
Acreage 2.420
Zoning C-O (Commercial Office)
Parking Spaces 82 spaces
Parking per 1,000 SqFt 2.39
Investment Type Value Add
Office | 34,361 SqFt
Marketing description
For the first time in three decades, Colliers International is pleased to present the opportunity to acquire Oak Park Tower, a well-known office asset located at the signalized corner of Oak Street and 21st Street in downtown Bakersfield. The 5 story Tower was originally constructed as a luxury apartment building, with two suites on each floor. The property eventually became a multi-tenant office building. Positioned on approximately 2.42 acres, the property consists of three buildings totaling ±34,361 square feet, offering a rare combination of scale, visibility, and flexible repositioning potential.
Investment highlights
- Predominantly vacant asset with short-term tenancy allows for immediate lease-up or adaptive reuse strategy.
- One of Bakersfield's most recognizable mid-rise office buildings with strong identity and visibility.
- Campus-style layout supports multi-tenant office, medical conversion, or owner-user scenarios.
- Elevator-served tower with existing office improvements.
- Gated property with perimeter block wall and controlled access.
- Prominent corner location with strong access to core downtown amenities and transportation corridors.
Listing Contacts
Listed by Colliers - Bakersfield, California
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