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Property Detail

Ming Avenue
Take advantage of this exceptional investment opportunity to acquire a 44,208-square-foot .
$11,999,999

Description

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.

3792 Ming Ave

Listing ID : 00673

SKU: 673

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Price History

DateEventPrice
December 6 2024Listed$11,999,999.00