Banning, CA 92220,775 E Ramsey Street
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Banning, CA 92220,775 E Ramsey Street
Banning, CA 92220,775 E Ramsey Street
Banning, CA 92220,775 E Ramsey Street
Banning, CA 92220,775 E Ramsey Street
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Listed by MAO TOM TSENG • UNIVERSAL ELITE REALTY
$ 3,500,000
Est. payment /mo
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Active

775 E Ramsey Street Banning, CA 92220

4,000 SqFt


UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 4,000 sqft

Price per Sqft $875

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


Bay East AOR and Contra Costa AOR
agent

Chuck Barberini

Broker Associate | License ID: 01324660

+1(925) 963-6606

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775 E Ramsey Street