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Ming & Real Plaza 3699 Ming Ave 15,556 SF 92% Leased Retail Building Bakersfield, CA 93309 $4,100,000 ($263.56/SF) 6.21% Cap Rate
INVESTMENT HIGHLIGHTS
- Close proximity to Bakersfield's regional mall (Valley Plaza Mall)
- Hard corner lot at 4-way signalized intersection
- Close proximity to CA-99 freeway on & off ramps (0.11 mi)
- Highly trafficked major thoroughfare: +/- 39,844 AADT
EXECUTIVE SUMMARY
• Sales price: $4,100,000.00
• SEC of Ming Avenue & S. Real Road
• Lot size: +/- 0.94 AC
• GLA: +/- 15,556 SF
• Zoning: C-2 (Regional Commercial Zone, City of Bakersfield)
• SEC of Ming Avenue & S. Real Road
• Lot size: +/- 0.94 AC
• GLA: +/- 15,556 SF
• Zoning: C-2 (Regional Commercial Zone, City of Bakersfield)
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
15,556 SF
Building Class
C
Year Built
1989
Price
$4,100,000
Price Per SF
$263.56
Cap Rate
6.21%
NOI
$254,610
Percent Leased
92%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.38
Lot Size
0.94 AC
Zoning
C2 - Regional Commercial, City of Bakersfield
Parking
35 Spaces (2.25 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- H
- 1,200 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| H | 1,200 SF | Retail | In-Line | Now |
H
| Size |
| 1,200 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| Ming Ave | S Real Rd, W | 39,096 | 2025 | 0.03 mi |
| S Real Rd | Ming Ave, S | 8,957 | 2025 | 0.07 mi |
| Ming Avenue | - | 124,056 | 2025 | 0.19 mi |
| 99 | - | 156,720 | 2025 | 0.20 mi |
| S Real Rd | Granada Ave, S | 7,890 | 2025 | 0.22 mi |
| Ming Ave | Lymric Way, E | 39,665 | 2025 | 0.23 mi |
| Wible Rd | Ming Ave, S | 15,445 | 2025 | 0.23 mi |
| Wible Rd | Valley Plz, S | 18,228 | 2025 | 0.24 mi |
| Ming Avenue | Wible Rd, W | 34,567 | 2020 | 0.26 mi |
| Ming Ave | Wible Rd, W | 32,946 | 2025 | 0.27 mi |
Walk Score®
Very Walkable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 440-131-09-00-0 | Improvements Assessment | $3,000,000 |
| Land Assessment | $500,000 | Total Assessment | $3,500,000 |
PROPERTY TAXES
Parcel Number
440-131-09-00-0
Land Assessment
$500,000
Improvements Assessment
$3,000,000
Total Assessment
$3,500,000
MAP
ADDITIONAL PHOTOS
Site Plan
Signage
Aerial Overview
Plat Map
Exterior
Exterior