3792 Ming Ave
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3792 Ming Ave
44,208 SF Retail Building Bakersfield, CA 93309 $11,999,999 ($271/SF)
Virtual Tour
Investment Highlights
- Prime investment opportunity to be an anchor tenant in Bakersfield’s Shops on Ming, perfect for high-traffic retail or showroom use.
- Modernized 44,208-square-foot freestanding building with ample open space, executive offices, easy delivery access, and ample parking.
- Highly visible on Ming Avenue, passed by over 86,370 daily drivers with advertisement opportunities through prominent pylon signage.
- Be in a synergistic shopping environment with neighboring retailers, including The Home Depot, TJ Maxx, Target, Starbucks, CVS, and more.
- Located in Bakersfield’s thriving retail corridor with a growing population and high consumer spending.
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
44,208 SF
Building Class
C
Year Built
1983
Price
$11,999,999
Price Per SF
$271
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.29
Land Acres
3.53 AC
Zoning
C-2 - General Commercial
Parking
221 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
Walk Score ®
Very Walkable (79)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
22,746
145,639
337,342
497,547
2029 Population
22,730
145,497
337,278
497,566
2024-2029 Projected Population Growth
-0.1%
-0.1%
0.0%
0.0%
Median Age
31.4
32.5
32.3
33.0
College Degree + Higher
12%
15%
17%
13%
Daytime Employees
8,140
74,071
145,770
197,097
Total Businesses
1,107
9,553
17,604
23,927
Average Household Income
$60,175
$70,216
$78,530
$83,097
Median Household Income
$43,440
$50,780
$56,623
$59,390
Total Consumer Spending
$203.2M
$1.4B
$3.2B
$4.9B
2024 Households
7,957
49,379
106,379
156,893
Average Home Value
$248,210
$282,504
$329,039
$341,156
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Starbucks | Cafe | $ | 4 min walk |
| Long John Silver's | Fast Food | - | 5 min walk |
| Wienerschnitzel | - | - | 4 min walk |
| Del Taco | - | - | 6 min walk |
| Sushi Hanashi | Asian | $$$ | 8 min walk |
| Leos Burgers | Burgers | $ | 9 min walk |
| McDonald's | - | - | 10 min walk |
| Sonic | Fast Food | - | 10 min walk |
| Panda Express | - | - | 12 min walk |
| Taco Bell | Fast Food | - | 12 min walk |
Retail |
||
|---|---|---|
| 7-Eleven | Convenience Market | 4 min walk |
| The UPS Store | Business/Copy/Postal Services | 4 min walk |
| GameStop | Game Store | 4 min walk |
| dd's Discounts | Unisex Apparel | 4 min walk |
| Ross Dress for Less | Other Retail | 4 min walk |
| Dollar Tree | Dollar/Variety/Thrift | 6 min walk |
| Guitar Center | Music Instruments | 5 min walk |
| T.J. Maxx | Other Retail | 5 min walk |
| The Home Depot | Home Improvement | 7 min walk |
| FoodMaxx | Supermarket | 8 min walk |
Hotels |
|
|---|---|
| Howard Johnson |
20 rooms
4 min drive
|
| Country Inn & Suites by Choice |
66 rooms
3 min drive
|
| Holiday Inn Express |
105 rooms
5 min drive
|
PROPERTY TAXES
| Parcel Number | 164-050-26-00-6 | Improvements Assessment | $2,805,833 |
| Land Assessment | $772,559 | Total Assessment | $3,578,392 |
PROPERTY TAXES
Parcel Number
164-050-26-00-6
Land Assessment
$772,559
Improvements Assessment
$2,805,833
Total Assessment
$3,578,392
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Mohamad Mansour - Universal Lending & Real Estate
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