900 Norma StRidgecrest, CA 93555
- Other commercial real estate
- 6,386 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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