2217 Ramsey StBanning, CA 92220

Property Details for 2217 Ramsey St

Year built

1978

Construction

WOOD

Lot size

0.40 AC

Property size (Sq ft)

2,400 SF

Zone code

C2

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

538-162-017

APU

538162017

Description

This exceptional business opportunity presents a fully equipped and profitable liquor store located at 2217 Ramsey St, Banning, CA, priced at $850,000. The store's success is built on a diversified revenue model, exceeding the typical liquor store offerings. A fully operational and well-maintained kitchen is integrated into the business, allowing for the preparation and sale of tacos, tortas, and other popular food items. This adds a significant and consistent revenue stream, catering to a steady flow of hungry customers. Further enhancing its appeal and convenience, the store is licensed to sell lottery tickets, provides check-cashing services, and offers money wiring options, establishing itself as a one-stop shop for the local community. Adding to its versatility, a meat market featuring high-quality cuts of meat is also incorporated into the business. A wide selection of cold beer, fresh fruits, and vegetables complements the existing offerings. This established business enjoys a prime location with consistent foot traffic, ensuring a strong customer base. The multiple revenue streams and established customer loyalty present an excellent opportunity for continued growth and high profitability for a new owner. The property is offered as a business opportunity, and the square footage and lot size are not specified.

• CAP approach

  CAP return

  Valuation

  6%

  $969,637

  6.5%

  $895,050

  7%

  $831,118

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,060,955

  Geo Method

  $2,128,714

• Alternative Use

  Use

  Valuation

  Residential

  $755,008

  Hospitality

  $691,583

  Educational

  $575,389

  Medical

  $595,178

  Retail

  $895,050

Location Insight

City

Banning

County

Riverside

State

California

Latitude

33.926

Longitude

-116.901

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.