8
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$4,000,000
Est. payment /mo
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 Sale
MLS Listing ID WS25094963
HOA Y/N No
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.
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
Area 263 - Banning/Beaumont/Cherry Valley
Zoning GC
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry None
Exterior
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Building
Lot Description Lot Over 40000 Sqft, Value In Land
Story 1
Water Public
Others
Tax ID 541150030
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, Government Loan
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, Government Loan
Special Listing Condition Standard
Listed by MAO TOM TSENG • UNIVERSAL ELITE REALTY • 909-272-9217
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