For Sale
$415,000

222 Minner AveBakersfield, CA 93308

2,500 SF Flex Space, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 2,500 square foot commercial property in North Bakersfield, CA presents a compelling investment opportunity. Situated on a 0.56-acre lot at 222 Minner Ave, 93308, this single-story, 1950-built building underwent renovations in 2024. Currently vacant, it offers flexible use as a traditional office, medical office, or flex space, making it ideal for a variety of businesses. The property boasts a strong pro-forma NOI of $38,000, translating to a 9.16% cap rate at an asking price of $415,000 ($166/sq ft). Its strategic location provides convenient access to Highway 99, enhancing its appeal to businesses needing easy freeway access. Previously used for vehicle storage, the property includes covered areas and is well-suited for similar uses or retail ventures. Furthermore, its location within an Opportunity Zone offers significant tax advantages for investors, including potential deferral of capital gains and a step-up basis for gains held over five years. This property represents a rare blend of immediate usability and long-term investment potential in a thriving North Bakersfield location. The property features one main building and is ready for immediate occupancy. This is a prime opportunity for owner-users or investors seeking a strong return on investment in a dynamic market.

Highlights

  • Single-story building with covered parking.
  • Excellent Highway 99 access.
  • Recently operated as a vehicle storage yard.
  • Suitable for vehicle storage or retail uses.
  • Located in a federal Opportunity Zone, providing substantial tax advantages to investors.

Property Details for 222 Minner Ave

Property type
Specialty properties, Retail properties
Square Feet
2,500 SF
Year Built/Renovated
1950/2024
Buildings
1
Stories
1
Lot Size (sq. ft)
24,394 SF
Units
1

Location Insight

City
Bakersfield
County
Kern
State
California
Latitude
35.418952608435
Longitude
-119.02517441552
222 Minner Ave, Bakersfield, California

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222 Minner Ave
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