4625 Ming AveBakersfield, CA 93309

Property Details for 4625 Ming Ave

Construction

WOOD

Lot size

0.56 AC

Property type

Retail properties

Property subtype

Retail space

APN

440-022-01-00-1

APU

44002201001

Description

This exceptional Class A retail property, formerly a bakery, presents a unique opportunity for sale or lease. Located at 4625 Ming Ave, Bakersfield, CA 93309, this freestanding building boasts 5,100 square feet across two stories, situated on a high-visibility corner lot with easy access to the 99 Freeway. The property features 33 on-site parking spaces, providing ample convenience for customers. The building is zoned C-2 and includes approved plans for patio seating, enhancing its appeal and potential. Internal features include walk-in freezers and refrigerators, ideal for restaurant or food-related businesses. Extensive signage opportunities are available, both monument and building signage, ensuring high brand visibility. The property's APN is 440-022-01, and it's located in Kern County, near Buckley Way. This single-tenant building is currently vacant, offering a blank canvas for a new business to thrive. The building is fully equipped for a restaurant or similar operation, and its prime location and ample parking make it an attractive proposition for a wide range of businesses. Don't miss this chance to acquire a well-positioned, ready-to-occupy commercial space in a thriving Bakersfield location.

• CAP approach

  CAP return

  Valuation

  6%

  $10,225,141

  6.5%

  $9,438,592

  7%

  $8,764,407

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,689,204

  Geo Method

  $11,689,204

• Alternative Use

  Use

  Valuation

  Residential

  $7,961,806

  Hospitality

  $7,292,971

  Educational

  $6,067,666

  Medical

  $6,276,342

  Retail

  $9,438,592

Location Insight

City

Bakersfield

County

Kern

State

California

Latitude

35.3393

Longitude

-119.054

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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