REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by MAO TOM TSENG • UNIVERSAL ELITE REALTY
$ 4,000,000
Est. payment /mo
New
775 E Ramsey Street Banning, CA 92220
4,200 SqFt
UPDATED:
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
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.