775 E Ramsey Street, Banning, CA 92220 - Berkshire Hathaway HomeServices California Properties

Photo of Jimmy Harmantzis

Jimmy Harmantzis REALTOR® - Broker Associate 949-212-2023 m
949-212-2023 o
Lic#: 01234982
NRDS ID: 641526390
JimmyHarmantzis@bhhscal.com Mission Viejo Office
23120 Alicia Parkway, Suite 100
Mission Viejo, CA 92692
Phone: 949-768-1000
Fax: 949-587-0915

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Agent Remarks

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.

Listing Details

Property type: Retail (Commercial)

Status: Active

MLS# WS25094963

List price is $4,000,000

Beds: 0

Baths: 0

Built in 2024

2.35 acres

Lot size: 2.3500

County: Riverside

Zoning: GC