3792 Ming Ave - Freestanding FOR SALE


Bakersfield, CA 93309- Wible Orchard
$11,999,999 USD
559-238-4228
3792 Ming Ave, Bakersfield, CA for Sale
$11,999,999 USD
Freestanding - FOR SALE
1/65
null | Request Cap Rate

3792 Ming Ave
Bakersfield, CA 93309
Wible Orchard


HIGHLIGHTS

  • Prime investment opportunity to be an anchor tenant in Bakersfield’s Shops on Ming, perfect for high-traffic retail or showroom use.
  • Be in a synergistic shopping environment with neighboring retailers, including The Home Depot, TJ Maxx, Target, Starbucks, CVS, and more.
  • Modernized 44,208-square-foot freestanding building with ample open space, executive offices, easy delivery access, and ample parking.
  • Located in Bakersfield’s thriving retail corridor with a growing population and high consumer spending.
  • Highly visible on Ming Avenue, passed by over 86,370 daily drivers with advertisement opportunities through prominent pylon signage.
  • Within a 5-mile radius, there are over 337,342 residents with an average household income of $78,530 per year.

OVERVIEW

Take advantage of this exceptional investment opportunity to acquire a 44,208-square-foot, single-story, freestanding building at 3792 Ming Avenue in Bakersfield, California. This prominent anchor position within The Shops on Ming is currently occupied by Quality Furniture, but once purchased, the property will be delivered vacant. At 3792 Ming Avenue, patrons will be greeted by the spacious, open showroom floor, rear executive offices, storage areas, and two loading doors. A recent comprehensive renovation enhanced the property's appeal, including an updated façade, new rooftop AC units, contemporary tiled floors, upgraded lighting, and luxurious marble-tiled bathrooms. Additionally, the property conveniently provides abundant parking. With maximized visibility, the building features 287 feet of frontage on Ming Avenue, traveled by over 86,370 vehicles daily. Moreover, the plaza's prominent pylon signage ensures high exposure in this busy retail corridor. Nearby is the Valley Plaza Shopping Mall, a major regional draw with flagship stores like Target, Macy's, and the Apple Store, adding to the area's robust consumer traffic. This property benefits from its closeness to Highway 99, only two blocks away, further enhancing accessibility to the broader Bakersfield area. Within a 5-mile radius, there are over 337,342 residents with an average household income of $78,530 per year, yielding a substantial $3.2 billion in annual consumer spending. 3792 Ming Avenue presents a compelling investment opportunity for retail operators or investors looking to secure a high-visibility, high-traffic location in a vibrant, growth-oriented market.

FOR SALE DETAILS

PRICE

$11,999,999 USD

PRICE/SF

$271 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

221

LAND DETAILS

LAND ACRES

3.53 AC

LAND SF

153,767 SF

ZONING

C-2

APN/PARCEL ID

164-050-26-00-6

ASK ABOUT THIS PROPERTY

Mohamad MansourUniversal Lending & Real EstateMore Info
559-238-4228

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Mohamad MansourUniversal Lending & Real EstateMore Info
559-238-4228

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.