222 Minner Ave 2,500 SF Office Building Bakersfield, CA 93308 $335,000 ($134/SF) 7.70% Cap Rate

INVESTMENT HIGHLIGHTS
- ±2,500 SF freestanding retail/office building on ±0.56 acres across three contiguous parcels
- New roof and updated windows reduce near-term CapEx exposure (per seller)
- Federally Designated Qualified Opportunity Zone for tax-advantaged investment
- Fully fenced and gated yard with on-site and street parking
- Direct Highway 99 access via N Chester Avenue (14,446 ADT)
EXECUTIVE SUMMARY
Owner-User or Investment Opportunity in North Bakersfield's Oildale submarket. The ±2,500 SF freestanding retail/office building sits on ±0.56 acres across three contiguous APNs (113-131-01, 113-131-02, 113-131-03), featuring a fully fenced and gated yard with on-site parking and additional street parking on Minner Avenue.
Recent capital improvements include a new roof and updated windows (per seller representation), reducing near-term CapEx exposure for the next ownership group. Single-story floor plate suits a wide range of small business operations, with secure outdoor space available for operational flexibility.
The property sits within a Federally Designated Qualified Opportunity Zone. SBA financing eligible at this price point for qualified owner-user buyers.
Available immediately. Sale and lease offered concurrently; qualified sale offers prioritized.
PROPERTY FACTS
Sale Type: Investment or Owner User
Property Type: Retail/Office
Property Subtype: Freestanding Building
Building Size: ±2,500 SF
Lot Size: 0.56 AC (24,393 SF combined)
Number of Parcels: 3 contiguous APNs
APN 113-131-01: 8,276 SF
APN 113-131-02: 10,890 SF
APN 113-131-03: 5,227 SF
Year Built: 1950
Recent Improvements: New roof, updated windows (per seller)
Construction: Wood Frame
Stories: 1
Tenancy: Single
Class: B
Sale Price: $335,000
Price Per SF: $134
Lease Rate: $1.15 PSF/month NNN
Opportunity Zone: Yes
Buyer/tenant to verify zoning, current use entitlements, and any CUP history with Kern County Planning.
Parking: On-site and street parking
Fenced Yard: Yes, fully gated
Flood Zone: B and X, not in SFHA per FEMA Map 06029C1817F
AMENITIES
- Fenced and Gated Yard
- On-Site and Street Parking
- 24-Hour Access
- Air Conditioning
- Reception Area
- Partitioned Offices
- Storage Space
- Wheelchair Accessible
- Natural Light
- Signage Available
LOCATION
Oildale submarket in North Bakersfield, approximately 0.23 miles from N Chester Avenue and 0.26 miles from Norris Road. Direct access to Highway 99 via N Chester. Approximately 12 minutes (3.4 miles) from Meadows Field Airport.
Traffic Counts (2025)
- N Chester Avenue: 14,446 ADT
- Norris Road: 11,930 ADT
- E Norris Road: 6,634 ADT
- Oildale Drive: 4,731 ADT
Demographics (1-mile radius)
- Population: 22,010
- Households: 7,954
- Daytime employees: 2,996
- Median household income: $45,087
- Population growth 2025-2030: 1.82% projected
Demographics (3-mile radius)
- Population: 71,688
- Daytime employees: 41,901
- Median household income: $51,958
SUBMARKET CONDITIONS
North Bakersfield's 2-to-4 Star submarket is tightening. Per CoStar:
- Submarket vacancy: 4.8%, down 5.4% YoY
- Trailing 12-month leasing absorption: 20,000 SF
- Trailing 12-month sales volume: $6.32M, up from $1.7M prior year
OPPORTUNITY ZONE
The parcels sit within a Federally Designated Qualified Opportunity Zone. Capital gains invested through a Qualified Opportunity Fund may qualify for federal tax benefits including deferral of existing gains and potential exclusion of new appreciation on long-term holdings. OZ regulations and structuring requirements are subject to change; consult qualified tax counsel.
DISCLOSURE
All information has been obtained from sources deemed reliable, including Kern County public records, CoStar, and seller representations, but has not been independently verified by the listing broker. Pro-forma cap rate is based on stated assumptions and does not reflect actual operating results.
Buyer to conduct independent due diligence including property inspection, environmental review, zoning verification, title review, financial review, and legal counsel.
Contact listing broker for tour and offer instructions.