1000 N Norma

    Ridgecrest, CA 93555
    • $1,100,000
    • STATUS: Active
    • ON SITE: 41 days
    • ID#: OC19217868
    UPDATED: 49 min ago
    $1,100,000
    • 0
      BEDS
    • 3.84
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 36,062
      SQFT
    • $31
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1983
    County:

    School Ratings & Info

    Description

    Rare Opportunity to add to your Investment Portfolio . we are pleased to present the following investment opportunity for the acquisition of 44,000 square foot retail center located on a 261,000 square foot lot. 30,000 square feet was formerly leased to Sav-On . This offering is part of a larger center. The subject property consists of two spaces consisting of 12,000 square feet. Prior to their vacancy, the larger space was leased to a contractor at the rate of $ .65 per square foot. This investment opportunity is ideal for an investor looking to re-tenant the subject property with either a local or national credit tenant or a developer looking for a re-development/rehab opportunity. Ridgecrest has seen a large amount of development recently. Some of the latest developments include the building of a Wal-Mart Super Store and a Searles lake Community Federal Credit Union. The City is experiencing tremendous growth as the military base looks to be expanding the number of jobs by 5,000 to 7,000.Kern County's 3rd Largest Incorporated City Home to China Lake Naval Weapons Station . Area is scheduled to grow by several thousand jobs in the near future.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-23T10:34:18.48. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/98878059

    1000 N Norma Ridgecrest, CA 93555

    • Price: $1,100,000
    • Status: Active
    • Updated: 49 min ago
    • ID#: OC19217868
    0
    Beds
    0
    Baths
    0
    ½ Baths
    3.84
    Acres
    36,062
    SQFT
    $31
    $/SQFT
    1983
    Built
    Neighborhood:
    RCR - Ridgecrest
    County:
    Kern
    Area:
    RCR - Ridgecrest
    Property Description
    Rare Opportunity to add to your Investment Portfolio . we are pleased to present the following investment opportunity for the acquisition of 44,000 square foot retail center located on a 261,000 square foot lot. 30,000 square feet was formerly leased to Sav-On . This offering is part of a larger center. The subject property consists of two spaces consisting of 12,000 square feet. Prior to their vacancy, the larger space was leased to a contractor at the rate of $ .65 per square foot. This investment opportunity is ideal for an investor looking to re-tenant the subject property with either a local or national credit tenant or a developer looking for a re-development/rehab opportunity. Ridgecrest has seen a large amount of development recently. Some of the latest developments include the building of a Wal-Mart Super Store and a Searles lake Community Federal Credit Union. The City is experiencing tremendous growth as the military base looks to be expanding the number of jobs by 5,000 to 7,000.Kern County's 3rd Largest Incorporated City Home to China Lake Naval Weapons Station . Area is scheduled to grow by several thousand jobs in the near future.
    Exterior Features

    Construction Materials BrickCement SidingConcreteDrywall WallsStucco Fence YN Yes Fencing Excellent Condition Lot Features 2-5 Units/AcreLevelNear Public TransitNo LandscapingPark NearbyValue In Land Lot Size Units Acres Roof Spanish Tile

    Interior Features

    Condo Area Units Square Feet Cooling Central AirZoned Cooling YN Yes Heating CentralZoned Heating YN Yes Laundry Features None Office Class A

    Property Features

    Additional Parcels YN No Asset Class Retail Building Area Units Square Feet Building Status Existing Business Type MixedShowroomStrip MallWarehouse Country Us Electric 220 Volts in WorkshopElectricity - On PropertyHeavy Investment Property YN Yes Land Lease YN No Land Use Industrial Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Property Sub Type Mixed Use Retail Center Type Mixed Use Security Features Fire And Smoke Detection SystemFire Sprinkler SystemSecurity LightsSmoke Detector(S) Special Listing Conditions Standard Utilities Electricity AvailableElectricity ConnectedNatural Gas AvailableNatural Gas ConnectedWater AvailableWater Connected Water Source See Remarks Year Built Source Assessor

    Listing provided courtesy of Bijan Zohour of Coldwell Banker Res Brokerage


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-23T10:34:18.48. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
     
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