For Sale
$720,000

1325 China Lake Blvd Ridgecrest, CA 93555

Turnkey dry cleaning business, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional mixed-use storefront property at 1325 N China Lake Blvd, Ridgecrest, CA 93555, presents a compelling investment opportunity. The 2,000 square foot, single-tenant building, constructed in 1988, boasts a Class B rating and is situated on a heavily trafficked street in Kern County. Currently operating as a turnkey dry cleaning business, the property offers a substantial net operating income (NOI) of $168,000, resulting in a 23.33% capitalization rate at the asking price of $720,000. The sale includes an established 18-year client database and all debt-free machinery and equipment. The property is zoned "C" and features a single story. The Assessor's Parcel Number (APN) is 419-031-05. Alternatively, the building is available for purchase separately at $599,999. This presents a rare chance to acquire a profitable, established business or a strong standalone commercial property in a prime location. The price per square foot is $360.

Highlights

  • Exceptional 25% cap rate.

Property Details for 1325 China Lake Blvd

Property type
Retail properties, Mixed-use properties
Square Feet
2,000 SF
Class
B
Year Built
1988
Stories
1

Location Insight

City
Ridgecrest
County
Kern
State
California
Latitude
35.645287397879
Longitude
-117.67005358618

FAQs

What type of property is this?
Retail property - Turnkey dry cleaning business, high NOI.
Where is the retail property located?
The property is located at 1325 China Lake Blvd Ridgecrest, CA.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Exceptional 25% cap rate.; ;
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1325 China Lake Blvd
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