222 Minner AveBakersfield, CA 93308

Property Details for 222 Minner Ave

Year built

1950

Lot size

0.56 AC

Property size (Sq ft)

2,500 SF

Property type

Specialty properties

Property subtype

Retail properties

Description

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.

Location Insight

City

Bakersfield

County

Kern

State

California

Latitude

35.419

Longitude

-119.025

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