2217 Ramsey St Banning, CA 92220-3707
- Grocery and convenience stores
- 2,400 SF
- 0.40 lot acres
May 02, 2022
Current Use by Public Records
- Shopping Basket / Convenience Store / Grocery Store
- ATM / Atm
Property Details for 2217 Ramsey St
- Year built
- 1978
- Construction
- WOOD
- Lot size
- 0.40 lot acres
- Property size
- 2,400 SF
- Zone code
- C2
- Property type
- 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.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $335,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $575,000
- 6.5%
- $530,000
- 7%
- $490,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $523,000
Market price range: $156k - $615k
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Banning
- County
- Riverside
- State
- California
- Longitude
- -116.901
- Latitude
- 33.926
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA