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    Lincoln St Banning, CA 92220

    For Sale
    $6,370,000

    14 Acres Prime Residential Development Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 14.26-acre parcel in Banning, California, presents a remarkable opportunity for high-density residential development. Located at the southeast corner of Lincoln Street and Woodland Avenue, this flat, raw land boasts a Very High Density Residential (VHDR) zoning designation, allowing for 24-30 dwelling units per acre. The property's strategic location offers easy access to the nearby Interstate 10 freeway, experiencing high daily traffic volume. Banning's recent growth, including new housing developments, retail centers, and businesses, underscores the strong demand for housing in the area. This "by-right" development opportunity allows for multifamily residential construction without the need for additional zoning approvals. The property's APN is 538-250-004

    Property Features for 0 Lincoln St

    General Information

    Property type
    Land
    Lot Size
    621,166 SF

    HighLights

    • Recently rezoned for multifamily development.
    • Very High Density Residential (VHDR) zoning.
    • 24‑30 dwelling units per acre density.
    • By‑right development for multifamily residential use.
    • Potential city incentives available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Banning
    County
    Riverside
    State
    California
    Longitude
    -116.90525296273
    Latitude
    33.921591714

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    FAQs

    What type of property is this?
    Land - 14 Acres Prime Residential Development Land
    Where is this land located?
    The property is located at Lincoln St Banning, CA.
    What is the asking price?
    The asking price for this property is $6,370,000.
    What are key features of this property?
    This property features: Recently rezoned for multifamily development.; Very High Density Residential (VHDR) zoning.; 24-30 dwelling units per acre density.
    (310) 906-3279
    Request Owner's contact information
    Lincoln 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
    Lincoln St Banning, CA 92220
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