CA > Banning
Banning, CA 92220,775 E Ramsey ST
Banning, CA 92220,775 E Ramsey ST
Banning, CA 92220,775 E Ramsey ST
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$4,000,000
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2.35 Acres Lot
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775 E Ramsey ST Banning, CA 92220

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Rip Fritzer

Rip Fritzer

Coldwell Banker West

+1(619) 277-0767

UPDATED:

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 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

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

Total Parking Spaces 41

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

California Regional MLS (CRMLS)
Listed by MAO TOM TSENG • UNIVERSAL ELITE REALTY • 909-272-9217

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agent

Rip Fritzer

Agent | License ID: 00719216

+1(619) 277-0767

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