935 China Lake BlvdRidgecrest, CA 93555

Property Details for 935 China Lake Blvd

Year built

2000

Construction

WOOD FRAME

Lot size

0.51 AC

Property size (Sq ft)

1,200 SF

Zone code

C2

Property type

Gas stations

APN

509-020-49-00-7

APU

50902049007

Description

This exceptional 2.08-acre retail land parcel presents a unique investment opportunity in Ridgecrest, California. Strategically located across the street from a massive 235,000 square-foot Walmart Supercenter, this property offers unparalleled visibility and accessibility. The site features two available pads, one measuring 5,000 square feet and the other 8,000 square feet, perfect for a variety of retail uses. The property is zoned C and boasts a paved parking area, ensuring convenient customer access. Ridgecrest's robust economy is fueled by the nearby China Lake Naval Weapons Station, a significant research and development facility with an annual budget exceeding $1 billion. This thriving community, serving a trade area of 100,000 people, also benefits from a high concentration of PhDs and a regional medical center, Southern Sierra Regional Hospital, solidifying its position as the retail and medical hub for the area. The property's APN is 509-020-35-00-6. This is a rare chance to acquire prime retail land in a high-demand location with exceptional growth potential. The property's location at 935 S China Lake Blvd, Ridgecrest, CA 93555, offers easy access and high visibility. This is an ideal opportunity for developers and investors seeking a strong return on investment in a stable and growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $443,524

  6.5%

  $409,407

  7%

  $380,163

• Comparable approach

  Method

  Valuation

  Relative Method

  $499,403

  Geo Method

  $575,044

• Alternative Use

  Use

  Valuation

  Residential

  $345,350

  Hospitality

  $316,339

  Educational

  $263,190

  Medical

  $272,242

  Retail

  $409,407

Location Insight

City

Ridgecrest

County

Kern

State

California

Latitude

35.6047

Longitude

-117.674

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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