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    116 Ramsey St Banning, CA 92220

    Sponsored
    For Sale
    $1,250,000

    Historic Chinese Restaurant, High Traffic Area

    Property size:
    3,026 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    340
    This exceptional commercial property at 116 Ramsey Street, Banning, CA, presents a unique investment opportunity. The 3,026 square foot building sits on a 0.1-acre lot in the heart of Historic Downtown Banning, offering unparalleled visibility and accessibility. For over 37 years, this location has operated as a successful Chinese restaurant, establishing a strong reputation and loyal customer base. Its prime location is within easy walking distance of City Hall, the Courthouse, Police Department, and numerous shops and restaurants, ensuring consistent high foot and vehicle traffic. The property benefits from its position as a central point within the upcoming Downtown Revitalization Project. The well-maintained building features a spacious interior, ideal for restaurant operations. The kitchen is fully equipped with a wash station, ample storage, a walk-in freezer, and a dedicated prep station. The dining area is attractively furnished with booths, tables, and chairs, creating a welcoming atmosphere. The property includes a strategically placed sign for maximum visibility. This versatile property is suitable for continued operation as a Chinese restaurant or offers the potential for a new culinary venture. The asking price is $1,250,000. This is a rare chance to acquire a well-established business with significant growth potential in a rapidly developing downtown area. The property's history and prime location make it an exceptional investment opportunity.

    Property Features for 116 Ramsey St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,026 SF
    Lot Size
    4,356 SF

    Building Details

    Year Built
    1936
    Property Profile Location Intelligence

    Current Use by Public Records

    Wing's Garden Cafe Chinese Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Banning
    County
    Riverside
    State
    California
    Longitude
    -116.8781
    Latitude
    33.9252

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    FAQs

    What type of property is this?
    Commercial real estate - Historic Chinese Restaurant, High Traffic Area
    Where is this commercial real estate located?
    The property is located at 116 Ramsey St Banning, CA.
    What is the asking price?
    The asking price for this property is $1,250,000.
    (909) 273-6020
    Request Owner's contact information
    116 Ramsey St Banning, CA 92220
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    Banning, CA 92220
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    116 Ramsey St Banning, CA 92220
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