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    Banning, CA
    Conventional Restaurant

    Banning, CA Conventional Restaurants for Sale

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    Iconic Restaurant in Historic Downtown
    Updated: Mar 10
    Iconic Restaurant in Historic Downtown

    116 W Ramsey St, Banning, CA 92220

    $1,250,000
    4,000 sqft 0.10 AC lot
    Prime location in Historic Downtown Banning with high visibility and foot traffic.
    Epicenter of the New Downtown Revitalization Project.
    Long‑standing restaurant with a 37+ year history and established reputation.
    Spacious 4000 sq ft commercial building with well‑equipped kitchen.
    Walking distance to City Hall, Courthouse, Police Department, shops, and restaurants.
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    This listing looks promising.

    Here's a quick look at some key insights for

    116 W Ramsey St, Banning, CA 92220

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    • Est. Cap Rate

      4%
      NOI ÷ price

    • Est. NOI

      $50K
      Annual

    • Price @ 7% Cap

      $721K
      Suggested

    • Last Sold

      Dec 2014
      $85K

    • Property Type

      Restaurant
      Built 1936
    View Property Analytics
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Banning, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Yucaipa Commercial Property with Business
    Yucaipa Commercial Property with Business

    34112 County Line Rd, Yucaipa, CA 92399

    $2,150,000
    4,100 sqft 0.51 AC lot

    Two-unit commercial property with dry cleaner business and restaurant tenant.

    View details
    Prime Leased Investment Opportunity
    Prime Leased Investment Opportunity

    664-668 Palm Canyon Drive, Palm Springs, CA 92262

    $4,395,000
    11,387 sqft

    Fully leased commercial property in Palm Springs' historic Uptown District.

    View details
    Prime Palm Springs Investment Opportunity
    Prime Palm Springs Investment Opportunity

    664 668 Palm Canyon Drive, Palm Springs, CA 92262

    $4,395,000

    100% leased property in Palm Springs' historic Uptown District.

    View details
    Commercial Land with Restaurant Improvements
    Commercial Land with Restaurant Improvements

    32693 Yucaipa Blvd, Yucaipa, CA 92399

    Contact for pricing

    General commercial zoning supports redevelopment alongside an existing restaurant, patios, kitchen, bar, and separate development area.

    View details

    Banning, CA Conventional Restaurants Market Trends and Statistics

    Explore 1 conventional restaurants for sale in Banning, CA on our real estate platform. These investment opportunities span a total of 4,000 square feet of properties for sale, with an estimated market value of $1,250,000.

    Sale prices for conventional restaurants in Banning, CA average $1,250,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Coffee shops 2
    Conventional restaurants 2

    Demographics Overview

    Population 33K
    Population Growth (5Y) +1.3%
    Median Household Income $59,116
    College Educated 22.9%

    High-Yield Neighborhoods for Investment

    Identify Banning submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    92220 $1.3M

    Taxes & Financing

    Tax Rate (average for all types) 1.33%
    Property Tax per SF $25.32 per SF
    Tax Rate vs County Average 0.16 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Riverside County

    New Delisted

    Total CRE Inventory on Market (SF)

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