2159 Ramsey St Banning, CA 92220-4240
- Retail space
- 3,280 SF
- 1.37 lot acres
Current Use by Public Records
- Famous Tire Company / Tire Shop / Auto Repair Shop
- Weeble Cycles / Store / Motorcycle Repair Shop
- Solar Darkness Window Tinting / Window Tinting Service
Property Details for 2159 Ramsey St
- Year built
- 1962
- Construction
- WOOD
- Lot size
- 1.37 lot acres
- Property size
- 3,280 SF
- Zone code
- C2
- Property type
- Retail space
- APN
- 538-163-008
- APU
- 538163008
Description
This exceptional 20,500-square-foot multi-tenant auto center in Banning, California, presents a unique investment opportunity. Situated on a 1.37-acre lot (APN 538-163-008) with C-2 zoning, this property features three standalone structures. The main building comprises approximately 9,700 square feet (currently owner-occupied, but vacant upon sale), a 4,000-square-foot showroom, and a 12,500-square-foot warehouse with six dock bays. Currently generating approximately $7,500 in monthly rental income ($90,000 annually) from existing tenants under a lease with approximately 22 months remaining. Conveniently located off the I-10 freeway between 22nd Street and Ramsey Street in the heart of Banning, surrounded by national retailers. This property is ideal for owner-users seeking a substantial space or investors looking for a strong rental income stream with owner carry financing options. The property's single-story design maximizes usability, and its prominent location ensures high visibility and accessibility. This is a rare opportunity to acquire a well-established, income-producing commercial property in a thriving market. The property's size, layout, and location make it an attractive proposition for a variety of automotive-related businesses.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $455,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $785,000
- 6.5%
- $725,000
- 7%
- $670,000
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Location Insight
- Map
- Local Demand
- City
- Banning
- County
- Riverside
- State
- California
- Longitude
- -116.9
- Latitude
- 33.9259
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA