775 E Ramsey Street new Save Request In-Person Tour Request Virtual Tour
Banning,CA 92220
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 4,200 sqft
Price per Sqft $952
MLS Listing ID CRWS25094963
HOA Y/N No
Originating Board Datashare California Regional
Year Built 2024
Lot Size 2.350 Acres
Property Sub-Type Retail
Property Description
Attention investors, developers, and 1031 exchange buyers: This 2.5-acre commercial property in the City of Banning is now available for $4 million. Features: – 4,200 SF total retail space – 2,000 SF leased to Yoshinoya ($216K/year income) – 2,200 SF vacant for self use with leasing upside of $6,050/month, which can increase the property value by $1M – Fully entitled and design-reviewed for an 80-room hotel -May qualify for an SBA loan for owner-users on the vacant space Located just off Hwy 10, near Desert Hills Premium Outlets and Morongo Casino. -Leasing the vacancy could instantly increase property value by over $1M. Value-add, income-producing, and development-ready. Commercial zoned Let’s talk.
Location
State CA
County Riverside
Interior
Heating Other
Cooling Central Air
Fireplace No
Building
Water Public