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    553 Ramsey St Banning, CA 92220

    For Sale
    $1,200,000

    2.12-acre commercial lot, prime Banning location.

    Property size:
    92,347 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Exceptional development opportunity awaits on this expansive 2.12-acre commercial lot situated at 553 E Ramsey St, Banning, CA 92220. This property, boasting 92,347 square feet (APN 541-150-010), presents a unique chance to capitalize on a high-traffic location within Banning's traditional commercial core. The land is zoned DC, offering flexibility for a variety of uses. Existing structures are on the property, providing potential for redevelopment or repurposing. The asking price is $1,200,000, translating to a land value of $172.66 per square foot. Benefit from excellent street-to-street frontage on Ramsey and Williams Streets, ensuring high visibility and accessibility. The property's strategic location places it in close proximity to the I-10 freeway and downtown Banning, providing convenient access to major transportation routes and a thriving community. Furthermore, its proximity to the new Banning Municipal Courthouse project adds to its investment appeal. The DC zoning allows for a range of commercial uses, including retail, office, restaurants, and entertainment, as well as mixed-use developments incorporating residential components. Hotels, motels, and bed and breakfasts are also permitted uses within this district. This presents a rare opportunity to develop a significant commercial project in a rapidly growing area. Don't miss this chance to acquire a substantial piece of Banning's commercial landscape.

    Property Features for 553 Ramsey St

    General Information

    Property type
    Land
    Square Feet
    92,347 SF
    Lot Size
    92,347 SF

    Building Details

    Year Built
    1900
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Banning
    County
    Riverside
    State
    California
    Longitude
    -116.8706277
    Latitude
    33.9256635

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    FAQs

    What type of property is this?
    Land - 2.12-acre commercial lot, prime Banning location.
    Where is this land located?
    The property is located at 553 Ramsey St Banning, CA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    Request Owner's contact information
    553 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
    553 Ramsey St Banning, CA 92220
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