37
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$6,050
2.35 Acres Lot
New
775 E Ramsey ST Banning, CA 92220
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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.
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
Listed by MAO TOM TSENG • UNIVERSAL ELITE REALTY • 909-272-9217