11420 Ming AveBakersfield, CA 93311

Property Details for 11420 Ming Ave

Year built

2015

Construction

WOOD FRAME

Lot size

1.74 AC

Property size (Sq ft)

16,775 SF

Zone code

C2

Property type

Retail properties

Property subtype

Strip malls

APN

522-610-27-00-1

APU

52261027001

Description

This exceptional 2,518 square foot retail property, located at 11420 Ming Ave, Bakersfield, CA 93311, presents a unique investment opportunity. Situated within the highly desirable Seven Oaks master-planned community, this single-tenant space boasts a prime location at the corner of Buena Vista Road and Ming Avenue, ensuring high visibility and accessibility. The property's Tuscan architectural design, complemented by Italian fountains and Mediterranean landscaping, creates an elegant and inviting atmosphere. The building is situated in Kern County and is classified as a shopping center. Its strategic placement within Seven Oaks, a distinguished Bakersfield neighborhood, guarantees a strong customer base and significant potential for growth. The property's single-tenant occupancy simplifies management and minimizes vacancy risks. This turnkey retail space is ready for immediate occupancy and offers a compelling opportunity for investors seeking a stable and attractive return on investment in a thriving Bakersfield market. The property's aesthetic appeal and convenient location make it an ideal space for a variety of retail businesses. This is a rare opportunity to acquire a well-maintained, high-profile retail property in a prime Bakersfield location.

• CAP approach

  CAP return

  Valuation

  6%

  $7,034,782

  6.5%

  $6,493,645

  7%

  $6,029,814

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,038,634

  Geo Method

  $8,038,634

• Alternative Use

  Use

  Valuation

  Residential

  $5,477,632

  Hospitality

  $5,017,482

  Educational

  $4,174,486

  Medical

  $4,318,053

  Retail

  $6,493,645

Location Insight

City

Bakersfield

County

Kern

State

California

Latitude

35.3411

Longitude

-119.13

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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