Haberfelde Building
The Historic Haberfelde Building | 97,523 Sq Ft | $5,900,000
Marketing description
• Asking Price: $5,900,000.00 ($60.50/sq ft)
- Offering includes 3 buildings on 3 parcels: 1706 Chester Ave, 1708 Chester Ave, & 1400 17th St
• Total Building Size: +/- 97,523 sq ft
- 1706 Chester Avenue: +/- 72,577 sq ft
- 1708 Chester Avenue: +/- 9,700 sq ft
- 1400 17th Street: +/- 15,246 sq ft
• Total Lot Size: +/- 0.78 acres
- APN 006-171-05: +/- 0.37 acres
- APN 006-171-06: +/- 0.15 acres
- APN 006-171-04: +/- 0.26 acres
• Location: NEC of Chester Ave & 17th St
- Centrally located in Downtown Bakersfield
- Close proximity to financial, educational, city, and county offices
• Construction: Completed in 1927
- Constructed with reinforced steel and masonry
- Designed in the Sullivanesque architectural style
• Historical Landmark: Historically significant property in Kern County
• Zoning: C-B (Central Business), City of Bakersfield
Investment highlights
• Registered Historic Landmark
- One of only two Kern County Registered Historical Landmarks in Bakersfield. Historic status may unlock preservation tax credits, Mills Act agreements, and other financial incentives for a qualified buyer
• Established Multi-Tenant Income
- Approximately 70 tenants occupy the property, creating a diversified mix of long-term professional office users, food & beverage operators, boutique retail, and service businesses that provides a stable income base from day one.
• Flexible Value-Add Opportunity
- A mix of suite sizes and shorter-term leases provides the flexibility to upgrade and reposition the property over time while preserving existing cash flow. This allows investors to implement improvements in phases rather than through a full-building vacancy.
• Dense Daytime Population
- Surrounded by government offices, legal firms, financial institutions, and professional services, the property benefits from consistent daytime foot traffic. Multiple new residential developments within walking distance further enhance the customer base and reinforce the area's mixed-use appeal.
• Prime Downtown Corner Location
- Occupying the hard corner of Chester Avenue and 17th Street, the property sits at the geographic center of Bakersfield's Central Business District, just steps from the Kern County Courthouse, City Hall, City & County offices, the Padre Hotel, and a dense concentration of professional services.
• A Landmark Event Venue in the Making
- The Haberfelde's fifth floor offers one of downtown Bakersfield's most compelling repositioning opportunities. With soaring ceilings, original architectural character, sweeping city views, an expanded rooftop, and two elevators serving the building, it is ideally suited for conversion into a multitude of uses.
- As downtown Bakersfield continues to revitalize, demand for distinctive, experience-driven venues is growing. A thoughtful redevelopment could create a signature destination for weddings, corporate events, private gatherings, and community celebrations unlike anything else in Kern County.
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