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775 Ramsey Street, Banning, CA 92220
Priced at Only: $3,500,000
For more Information Call Mobile: 714.478.6676
Address: 775 Ramsey Street, Banning, CA 92220
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775 Ramsey Street
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  • MLS#: WS25094963 ( Retail )
  • Street Address: 775 Ramsey Street
  • Viewed: 11
  • Price: $3,500,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2022
  • Bldg sqft: 0
  • Days On Market: 113
  • Additional Information
  • County: RIVERSIDE
  • City: Banning
  • Zipcode: 92220
  • Provided by: UNIVERSAL ELITE REALTY
  • Contact: MAO TOM MAO TOM
  • California Regional MLS IDX
  • DMCA Notice
  • 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 Lets talk.
Features
Accountingtype
  1. Actual
Anchors Cotenants
  1. Yoshinoya
Assetclass
  1. Retail
Building Area Total
  1. 4000.00
Commoninterest
  1. None
Cooling
  1. Central Air
Country
  1. US
Current Use Comments
  1. Unit 1 occupied by Yoshinoya
  2. Unit 2 Vacant
Expense Year
  1. 6000
Heating
  1. Central
Land Use
  1. Retail
Laundry Features
  1. None
Netoperatingincome
  1. 210000.00
Parcel Number
  1. 541150030
Parking Ratio
  1. 10.00
Postalcodeplus4
  1. 4851
Property Type
  1. Retail
Retail Square Footage
  1. 4000
Signage
  1. Sign Freestanding
  2. Sign on Building
Totalbuildingnra
  1. 4000
Totalmonthlyrent
  1. 18000
Utilities
  1. Cable Connected
  2. Electricity Connected
  3. Natural Gas Connected
  4. Sewer Connected
  5. Water Connected
Views
  1. 11
Water Source
  1. Public
Year Built
  1. 2022
Year Built Source
  1. Public Records
Zoning
  1. GC
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Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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