737 West Ridgecrest Boulevard, Ridgecrest, CA 93555

$489,000 Approx. USD 0 beds, 0 baths
15,000 sqft

Agent Remarks

Amazing pro forma rate of return is ~ 17.05% CAP or take as is for 8% CAP! Value add property. FED EX has been and continues to be the major ANCHOR TENANT for almost 20 years. 2 existing buildings, 6 spaces, 4 current tenants. Lease out the remaining 2 spaces to increase the already substantial cap rate. Additional tenant is ready to take on the 2 remaining spaces. The Super Walmart has just been added to the city. There is even room for expansion! Look into building a self storage for even more income and an increased CAP rate. So many opportunities: rent to the government, schools, businesses and more. Tax assessor shows 1.8 acres. High dock doors, includes truck doors. Max. Clearance: 12'; Min. Clearance: 10'. The location is on the main boulevard of the city of Ridgecrest with Good Exposure. Located near Mixed Commercial and Residential. The city is located near US Route 95 in the Indian Wells Valley in northeastern Kern County, adjacent to the Naval Air Weapons Station China Lake. All information deemed accurate but not guaranteed. Buyer to do own due diligence. This is an incredible opportunity you do not want to miss.

Listing Details

Property type: (Commercial)
Status: Active
MLS# SB16727803
List price is $489,000
Beds: 0
Baths: 0
Built in 1984
15,000 sqft
County: Kern
MLS area: RCR - Ridgecrest

Last Updated: 2/28/2017

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This listing belongs to the RCR - Ridgecrest MLS area

Lat/Long: 35.621414, -117.685415.
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Broker: Courtesy of Duran Reed Firm
Listing Agent: Clara Duran-Reed

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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