775 E Ramsey St - Fast Food FOR SALE


Banning, CA 92220- Downtown Banning
$4,000,000 USD
909-272-9217
775 E Ramsey St, Banning, CA for Sale
$4,000,000 USD
Fast Food - FOR SALE
1/54
null | 5.4% Cap Rate

775 E Ramsey St
Banning, CA 92220
Downtown Banning


HIGHLIGHTS

  • Freeway Signage
  • 1 exit away from Desert Hills Premium Outlet
  • 1 exit away from Morongo Casino
  • Freeway Exit major intersection
  • Across from Gas Stations, Inn, and County-leased office building
  • EV Charging station on Site

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$753 USD /SF

CAP RATE

5.4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

41

LAND DETAILS

LAND ACRES

2.35 AC

LAND SF

102,366 SF

ZONING

GC

APN/PARCEL ID

541-150-030

ASK ABOUT THIS PROPERTY

Tom Mao Yuan TsengUniversal Elite, IncMore Info
909-272-9217

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Tom Mao Yuan TsengUniversal Elite, IncMore Info
909-272-9217

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