Banning, CA 92220 775 E Ramsey Street

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Presented By: MAO TOM TSENG with UNIVERSAL ELITE REALTY; 909-272-9217
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# WS25094963
  • 04/30/2025
  • Request Tour
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • SQFT • 4,000

Home Details

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.
Presented By: MAO TOM TSENG with UNIVERSAL ELITE REALTY; 909-272-9217

Interior Features for 775 E Ramsey Street

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesNone
Total Stories1

Other Rooms

Entry Level1

General for 775 E Ramsey Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Business TypeConvenienceStore, Doughnut, FoodAndBeverage, FastFood, Restaurant, Retail
Carport Y/NNo
CityBanning
CoolingCentralAir
CountyRiverside
DirectionsHwy10 exit Hargrave St. go north bound, first intersection is Ramsey St. look for Yoshinoya on the corner lot. or use GPS Map app
Electric On Property Y/NNo
Garage Y/NNo
HOANo
HeatingCentral
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NYes
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan, Conventional, Exchange1031, GovernmentLoan
Lot Size Square Feet102366.0
Lot Size UnitsSquareFeet
MLS Area263 - Banning/Beaumont/Cherry Valley
MobileHomeRemainsYNNo
Net Operating Income210000.0
New ConstructionNo
Number Of Units Total2
Number of Units Leased1
Occupancy TypeTenant
Operating Expense6000.0
Property Attached Y/NNo
Property Sub Type AdditionalRetail
Property SubtypeRetail
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
UtilitiesCableConnected, ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
Waterfront Y/NNo
Year Built2022
Year Built SourcePublicRecords
ZoningGC

Exterior for 775 E Ramsey Street

Building Area Total4000.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLotOver40000Sqft, ValueInLand
Lot Size Acres2.35
Lot Size Area102366.0
Lot Size SourceAssessor
Number of Buildings1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking41.0
Water SourcePublic

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $4,000,000
MLS#WS25094963
List Date 04/30/2025
Property Type Commercial
Phone 714.742.6515
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