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Ming & Real Plaza 3699 Ming Ave 15,556 SF 67% Leased Retail Building Bakersfield, CA 93309 $3,895,000 ($250.39/SF) 7.06% 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
  • Major thoroughfare with high traffic counts: +/- 39,844 AADT

Executive Summary

• Sales price: $3,895,000.00 - Major Price Reduction!
• Lot size: +/- 0.94 AC
• GLA: +/- 15,556 SF
• SEC of Ming Avenue & S. Real Road
• Zoning: C-2 (Regional Commercial Zone, City of Bakersfield)

Attachments

Ming and Real Plaza - OM

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
15,556 SF
Building Class
C
Year Built
1989
Price
$3,895,000
Price Per SF
$250.39
Cap Rate
7.06%
NOI
$275,009
Percent Leased
67%
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
222’ on Ming Ave

Amenities

  • Corner Lot
  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Signalized Intersection

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Almost Free Alterations
  • Services
  • -
  • -
  • Triple Net
  • -
  • New Heights Barber Lounge
  • Services
  • -
  • -
  • Triple Net
  • -
  • Smart Buy Appliances and Electronics
  • Retailer
  • -
  • -
  • Triple Net
  • Apr 2026
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Almost Free Alterations Services - - Triple Net -
New Heights Barber Lounge Services - - Triple Net -
Smart Buy Appliances and Electronics Retailer - - Triple Net Apr 2026

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • I
  • 3,224 SF
  • Retail
  • End Cap
  • Now

• Space Available - Suite I: +/- 3,224 SF - Can be combined with Suite J for a total of +/- 5,076 SF • Zoning: C-2 (Regional Commercial), City of Bakersfield

  • J
  • 1,852 SF
  • Retail
  • In-Line
  • Now

• Space Available - Suite J: +/- 1,852 SF - Can be combined with Suite I for a total of +/- 5,076 SF • Zoning: C-2 (Regional Commercial), City of Bakersfield

Space Size Space Use Position Available
I 3,224 SF Retail End Cap Now
J 1,852 SF Retail In-Line Now

I

Size
3,224 SF
Space Use
Retail
Position
End Cap
Available
Now

J

Size
1,852 SF
Space Use
Retail
Position
In-Line
Available
Now

I

Size 3,224 SF
Space Use Retail
Position End Cap
Available Now

• Space Available - Suite I: +/- 3,224 SF - Can be combined with Suite J for a total of +/- 5,076 SF • Zoning: C-2 (Regional Commercial), City of Bakersfield

J

Size 1,852 SF
Space Use Retail
Position In-Line
Available Now

• Space Available - Suite J: +/- 1,852 SF - Can be combined with Suite I for a total of +/- 5,076 SF • Zoning: C-2 (Regional Commercial), City of Bakersfield

1 1
3699 Ming Ave, Bakersfield, CA - Aerial map view - Image1
3699 Ming Ave, Bakersfield, CA - Aerial map view - Image2
3699 Ming Ave, Bakersfield, CA - Aerial map view - Image3
Walk Score®
Very Walkable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
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What is a Walk Score®
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Nearby Major Retailers

Bank of America
Rent-A-Center
Texas Roadhouse
Starbucks
FoodMaxx
Chase Bank
Red Robin
Surf City Squeeze
Sarku Japan
Five Guys

Property Taxes

Parcel Number 440-131-09-00-0 Improvements Assessment $2,850,000
Land Assessment $650,000 Total Assessment $3,500,000

Property Taxes

Parcel Number
440-131-09-00-0
Land Assessment
$650,000
Improvements Assessment
$2,850,000
Total Assessment
$3,500,000
(661) 617-1849

Still interested?

Contact the broker for more information about this property

Contact

  • JP Masuda
    JP Masuda

  • Listing ID: 39593839

  • Date on Market: 4/4/2025

  • Last Updated:

  • Address: 3699 Ming Ave, Bakersfield, CA 93309

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Map
3699 Ming Ave, Bakersfield, CA for sale Building Photo- Image 1 of 10
Ming and Real Plaza
3699 Ming Ave, Bakersfield, CA for sale Building Photo- Image 2 of 10
Ming and Real Plaza
3699 Ming Ave, Bakersfield, CA for sale Building Photo- Image 3 of 10
Ming and Real Plaza
3699 Ming Ave, Bakersfield, CA for sale Aerial- Image 4 of 10
Ming and Real Plaza
3699 Ming Ave, Bakersfield, CA for sale Aerial- Image 5 of 10
Aerial View
3699 Ming Ave, Bakersfield, CA for sale Site Plan- Image 6 of 10
Site Plan
3699 Ming Ave, Bakersfield, CA for sale Aerial- Image 7 of 10
Aerial Close Up
3699 Ming Ave, Bakersfield, CA for sale Plat Map- Image 8 of 10
Plat Map
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(661) 617-1849

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