900 Norma StRidgecrest, CA 93555

  • Other commercial real estate
  • 6,386 SF
For Lease

Property Details for 900 Norma St

Year built
1988
Construction
WOOD
Lot size
0.39 AC
Property size (Sq ft)
6,386 SF
Zone code
C2
Property type
Other commercial real estate
APN
421-050-02-00-0
APU
42105002000

Description

Heritage Shopping Center, a single-story, 36,719 square foot Class C retail and office building, presents a unique investment opportunity in Ridgecrest, California. Built in 1983, this multi-tenant property is zoned C2 and offers a diverse range of spaces suitable for medical, traditional, or creative office uses. Six individual spaces are currently available, ranging from 1,000 to 2,427 square feet. Located at 900 N Norma St, Ridgecrest, CA 93555 (35.637393, -117.678397), the center benefits from its proximity to the China Lake Naval Air Weapons Center, a key driver of Ridgecrest's robust economic growth. Ridgecrest, a rapidly expanding city with a population of 28,978 and a labor force of approximately 14,000, offers a strong potential for tenant acquisition and long-term investment returns. The city's strategic location near the Southern Sierra Mountains and its service to an additional 13,000 individuals in the Northeastern Kern County region further enhance its appeal. This property represents a compelling opportunity to capitalize on the dynamic growth and employment opportunities within this thriving California community. The low unemployment rate (3.3% in October 2018) underscores the region's economic strength.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,312,388
    Hospitality
    $2,118,135
    Educational
    $1,762,264
    Medical
    $1,822,870
    Retail
    $2,741,299
900 Norma St, Ridgecrest, California

Location Insight

City
Ridgecrest
County
Kern
State
California
Latitude
35.6374
Longitude
-117.678
CBSA code
12540
CBSA name
BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
-
$70,000
$620,000
$690,000
-
-
-
-

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