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Listed by MAO TOM TSENG • UNIVERSAL ELITE REALTY
$4,000,000
Est. payment /mo
4,000 SqFt
Active
775 E Ramsey Street Banning, CA 92220
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $1,000
MLS Listing ID CRWS25094963
HOA Y/N No
Year Built 2022
Lot Size 2.350 Acres
Property Sub-Type Retail
Source Datashare California Regional
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 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
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