3699 Ming AveBakersfield, CA 93309

Property Details for 3699 Ming Ave

Year built

1989

Construction

WOOD

Lot size

0.94 AC

Property size (Sq ft)

16,177 SF

Zone code

C2

Property type

Retail properties

Property subtype

Retail space

APN

440-131-09-00-0

APU

44013109000

Description

This exceptional Bakersfield retail property, Ming & Real Plaza, offers 15,556 square feet of prime commercial space in a thriving location. The single-building strip center features seven suites, with four currently available, ranging from 1,200 to 6,276 contiguous square feet. Suite H (1,200 sq ft) is a former restaurant with existing kitchen improvements, while Suite J (1,852 sq ft) and Suite I (3,224 sq ft) offer versatile layouts. These three suites can be combined to create a large 6,276 sq ft space. Additionally, Suite D offers approximately 2,000 sq ft. The property boasts a highly visible location on Ming Avenue, experiencing traffic counts exceeding 44,239 vehicles per day, and is conveniently situated 0.3 miles west of Highway 99, a major thoroughfare with over 153,000 vehicles per day. This high-traffic area is further enhanced by its proximity to The Valley Plaza, Bakersfield's regional mall, and strong neighboring tenants including 99 Cents Only Stores, The Hope Depot, DD's Discounts, and Ross. The property is zoned C-2 within the City of Bakersfield, providing flexibility for a variety of retail uses. This is a rare opportunity to secure a well-located retail space in a high-traffic area of Bakersfield, California. The total vacant space is 8,276 square feet. The minimum divisible space is 1,200 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $6,780,696

  6.5%

  $6,259,104

  7%

  $5,812,025

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,752,070

  Geo Method

  $7,752,070

• Alternative Use

  Use

  Valuation

  Residential

  $5,279,788

  Hospitality

  $4,836,258

  Educational

  $4,023,710

  Medical

  $4,162,091

  Retail

  $6,259,104

Location Insight

City

Bakersfield

County

Kern

State

California

Latitude

35.339

Longitude

-119.043

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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