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$4,000,000
38 Days On Site

775 E Ramsey Street
Banning, CA 92220

For Sale|Retail|Active
0
Beds
0
Total Baths
4,000
SqFt
$1,000
/SqFt
2022
Built
County:
Riverside
Listed by MAO TOM TSENG of UNIVERSAL ELITE REALTY [email protected]

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

Call Now: 949-774-8692
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949-774-8692
775 E Ramsey Street775 E Ramsey Street775 E Ramsey Street775 E Ramsey Street
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Monthly Payment (Est.)

$18,250
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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.

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Listing Snapshot
Price 
$4,000,000
Days On Site 
38 Days
Bedrooms 
N/A
Inside Area (SqFt) 
4,000 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
2.35 Acres
Year Built 
2022
MLS® Number 
WS25094963
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoListing first seen on site
a month agoListing updated with changes from the MLS®
General Features
Acres 
2.35
Number Of Stories 
1
Parking Spaces 
41
Property Sub Type 
Retail
Special Circumstances 
Standard
SqFt Total 
4000
Utilities 
Cable ConnectedElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
Water Source 
Public
Zoning 
GC
Interior Features
Cooling 
Central Air
Heating 
Central
Laundry Features 
None
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Community Features
Financing Terms Available 
CashConventional1031 Exchange
MLS Area 
263 - Banning/Beaumont/Cherry Valley


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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