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$769,000
IG26202415 MLS ⋅ Active Status
Downtown Banning Value-Add Investment Opportunity | 5-Unit Freestanding Commercial Building + Adjacent Excess Lot | Opportunity Zone. Strategically positioned in Banning's established Downtown Commercial District, 89 N. San Gorgonio Avenue presents a unique value-add investment opportunity consisting of a freestanding 3600sf commercial building configured into five individual units, together with an adjacent excess lot for a combined 6097sf/.14ac site. The property is currently occupied by a diverse mix of commercial and residential uses, including a street front candy shop, barber shop, engineering office, one vacant office/retail suite, and a 2nd floor studio apartment. All units are currently leased on a month-to-month basis, providing an investor or owner/user with flexibility to improve rents, reposition the property or stabilize occupancy. The adjacent parcel adds additional value and flexibility, featuring drought tolerant landscaping and a distinctive wall mural that contributes to the property's downtown character and street presence. A nicely updated property; surrounded by civic, retail, dining and service-oriented businesses. The City of Banning has recently adopted a Downtown Revitalization and Complete Streets Plan intended to enhance circulation, pedestrian connectivity, streetscape improvements and the public realm while establishing a framework to encourage new investment and redevelopment throughout the downtown area over the coming years. Buyer to verify own zoning/use with City of Banning. Please inquire with listing agent as to requests for showing and for financial information.

89 N San Gorgonio Avenue, Banning
$688,000
IG26138023 MLS ⋅ Active Status
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.

50 N 1st, Banning
$355,000
IV26074669 MLS ⋅ Active Status
Commercial zoning with I-10 visibility, the existing structure was built for and is currently being used as a residential structure. Located directly across the street from a shopping center, and a new hotel is under construction in the immediate neighborhood. Great potential for the start of your business.

3378 W Ramsey, Banning
$1,495,000
IG26070795 MLS ⋅ Active Status
4 Units. Approximately 9,000 sf Retail Shopping center. Good daily traffic count on E. Ramsey St. 2 blocks from the Superior Court of California, County of Riverside. Banning is one of the fastest growing cities in California. Building sits on .84 of an acre with 250 ft on frontage. Plenty of parking in the front and rear of building.

635 E Ramsey, Banning
$1,300,000
IG26021277 MLS ⋅ Active Status

3800 W Ramsey, Banning
$750,000
SW25144919 MLS ⋅ Active Status
Rare opportunity to have a Business and own the land! Inside there are two units, so there is the potential to have one business on one side and rent the other side. Inside there are 6-7 offices. The business opportunity is very wide. This property is off the busy street in Banning, directly across from the court House and just off the freeway.

422 E Ramsey Street, Banning

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.