775 E Ramsey Street, Banning, CA 92220

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CommercialFor Sale

$4,000,000

775 E Ramsey Street

Banning, CA 92220

Listing Office: Universal Elite Inc.

MLS: California Regional MLS (CRMLS)

Est. Mortgage

$20,747/mo

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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Information courtesy of Universal Elite Inc. is subject to verification and is not guaranteed.

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