4300 Ming AveBakersfield, CA 93309

Property Details for 4300 Ming Ave

Year built

2000

Construction

WOOD

Lot size

9.70 AC

Property size (Sq ft)

120,335 SF

Zone code

C-2-D

Property type

Strip malls

Property subtype

Neighborhood centers

APN

164-232-80-00-8

APU

16423280008

Description

This 132,469 square foot retail center, built in 2000, is strategically located at the northwest corner of Ming Avenue and Stine Road, offering excellent visibility and accessibility. The property boasts a C-2 zoning designation and comprises 17 suites in total. Currently, two spaces are available for lease: Suite 4404, measuring approximately 1,470 square feet, with an asking rent of $1.55 per square foot NNN; and Suite 4340, offering approximately 9,000 square feet at $1.25 per square foot NNN. The center benefits from a prominent pylon sign opportunity on Ming Avenue, ensuring high brand visibility. Its prime location provides convenient access to the California State Route 99 on and off ramps, approximately 0.53 miles away. The high traffic volume of approximately 50,417 vehicles per day contributes to a strong customer base. Ample parking is available, with approximately 518 stalls providing a parking ratio of roughly 3.91 stalls per 1,000 square feet. A total of 10,470 square feet is currently vacant within the center, presenting a unique opportunity for expansion or diversification. The property's APN is 164-232-80-00-8 & 164-232-76-00-7.

• CAP approach

  CAP return

  Valuation

  6%

  $50,441,368

  6.5%

  $46,561,264

  7%

  $43,235,460

• Comparable approach

  Method

  Valuation

  Relative Method

  $57,664,916

  Geo Method

  $57,664,916

• Alternative Use

  Use

  Valuation

  Residential

  $39,276,168

  Hospitality

  $35,976,760

  Educational

  $29,932,240

  Medical

  $30,961,656

  Retail

  $46,561,264

Location Insight

City

Bakersfield

County

Kern

State

California

Latitude

35.3409

Longitude

-119.051

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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