775 E Ramsey ST new Save Request In-Person Tour Request Virtual Tour
Banning,CA 92220
$ 6050
- Bed
- Bath
- SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Rent
MLS Listing ID WS25108789
HOA Y/N No
Year Built 2022
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:
– 4,000 SF total retail space
– 1,800 SF leased to Yoshinoya ($216K/year income)
– 2,200 SF vacant for owner use or leasing upside of $6,050/month, which can increase the property value by $1M
– Development opportunity! Additional vacant land of over 60,000 sqft zoned GC (General Commercial) is ready for future developments!
-May qualify for an SBA loan for owner-users on the vacant space
-Zoned GC, can be used as retail space, convenient stores, restaurants, coffeeshop, currently ready to be built out as Donut & Coffee shop
-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. General Commercial zoned Let's talk.
Location
State CA
County Riverside
Area 263 - Banning/Beaumont/Cherry Valley
Zoning GC
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Utilities Available Cable Connected,Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
Building
Lot Description Corner Lot,Drip Irrigation/Bubblers,Lot Over 40000 Sqft,Rectangular Lot,Sprinkler System,Value In Land
Story 1
Water Public
Others
Tax ID 541150030