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33271015
33271014

222 Minner Avenue, Bakersfield, CA 93308

SA
CA 01869863
Bakersfield Association of REALTORS
Listed by Bakersfield Association of REALTORS
$335,000
2 days on market
Updated 2 days ago

222 Minner Avenue

Details
Property Type Retail, Office
Sub Type Convenience Store, Day Care/Nursery (+1)
Square Footage 2,500
Net Rentable (SqFt) 2,250
Cap Rate 12.09%
NOI $40,500
Tenancy Vacant
Lease Type NNN
Pro-Forma Cap Rate 9.07%
Pro-Forma NOI $30,375
Price per SqFt $134
Year Built 1950
Year Renovated 2025
Buildings 2
Acreage 0.560
Investment Type Value Add
Ground Lease No
Sale Condition Distressed

Lead with flexibility (broadest appeal) For Sale or Lease | ±2,500 SF Retail/Office on 0.56 Acres wi

Marketing description

Heritage Real Estate & Management presents 214–222 Minner Avenue, a ±2,500 SF freestanding retail/office building on 0.56 acres in North Bakersfield. The property is for sale at $335,000 or for lease at $1.15 PSF/month NNN. A buyer can hold it for income, occupy it, or lease it out.

The site is made up of three contiguous parcels. The building sits on one; the other two are dedicated parking. That gives the property far more on-site parking than most infill retail or office space in the area. There is also a fully fenced and gated yard, which works for automotive, logistics, contractor, or vehicle-storage use.

The roof and windows are newer, both confirmed by the seller, so an incoming owner avoids two of the bigger early repair costs. At the asking lease rate, the property pencils to roughly a 10.3% gross pro-forma cap rate.

The property is in a designated Opportunity Zone, which can mean capital gains deferral for qualifying investors. It sits near N Chester Avenue and Norris Road, with direct access to Highway 99.

Buyers should verify zoning and permitted use with Kern County Planning prior to close.

Investment highlights

  • Priced at $335,000 - reduced from $415,000 for immediate value entry
  • ±10.3% gross pro-forma cap rate at $1.15 PSF/mo NNN
  • For sale or lease - flexible exit for investor or owner-user
  • Two dedicated parking parcels (±13,503 SF) - parking depth well above retail standard
  • Secure fenced & gated yard - fits automotive, logistics, contractor, or storage uses
  • Newer roof and updated windows (seller-confirmed) - reduced near-term capex
  • Opportunity Zone - potential capital gains deferral for qualifying buyers
  • Near N Chester & Norris with direct Highway 99 access - strong visibility and logistics

Listing Contacts

SA
CA 01869863
Bakersfield Association of REALTORS
Listed by Bakersfield Association of REALTORS

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$40,500.00
$3,375.00/mo

Valuation Metrics

0
DSCR
12.09%
Cap Rate
12.09%
ROI

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Additional Information

Name
Sanjeev Advani
License
01869863
Brokerage
Sanjeev Advani, Broker
Brokerage Phone
6617707382
Title
Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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