50 N 1st St - Storefront FOR SALE


Banning, CA 92220- Downtown Banning
$788,000 USD
909-810-2108
50 N 1st St, Banning, CA for Sale
$788,000 USD
Storefront - FOR SALE
1/12
null | Request Cap Rate

50 N 1st St
Banning, CA 92220
Downtown Banning


HIGHLIGHTS

  • 60+ Public Parking Spaces in Front of Property
  • Zoned Downtown Commercial Which Allows a Multitude of Uses
  • Near 2 Freeway Entrances
  • Near City Hall and Other Major Developments

OVERVIEW

6,400 sq. ft. building centrally located in Historic Downtown Banning with easy access to the 10 FWY. Walking distance to Banning City Hall, County of Riverside offices, Superior Court, shopping, dining and the historic Fox Theater. Building is also for lease at $4,500 + NNN per month. The property has a very tall facade (Great for signage and marketing) and high ceilings to match. The property has access to 60+ public parking spots on 1st Street as well as alley access in the back. Currently there is a month to month tenant operating a flooring store that can be given notice if wanted. Zoned Downtown Commercial (DC). Major new developments coming to the area including Vista Robles by KB Home: A new development on 65 acres, Atwell (Tri Pointe Homes): A massive master-planned community, Canterbury by Crestwood Communities: A large-lot neighborhood, and a new Wyndham hotel. All of these new projects will increase demand for retail and services in Downtown. Approximately 100,000 cars cross the 10 FWY by Banning exits on a daily basis. Banning high school is just across the freeway.

FOR SALE DETAILS

PRICE

$788,000 USD

PRICE/SF

$123 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

undefined, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Ramsey St

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

CD

APN/PARCEL ID

540-168-005

ASK ABOUT THIS PROPERTY

David FriedmanRealicoreMore Info
909-810-2108

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David FriedmanRealicoreMore Info
909-810-2108

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.