Property profile

2217 Ramsey St Banning, CA 92220

OFF-MARKET
Grocery and convenience stores
Property ID
US10-2394908
2,400 SF 0.4 ac lot Built 1978
Individually Owned 4-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1978
Construction WOOD
Total area 2,400 SF
Lot 0.4 ac (17,424 SF)
Zoning code C2
APN 538-162-017
UPID US10-2394908

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store
  • Atm

Location

2217 Ramsey St Banning, CA 92220-3707
Banning metro Census 44101 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2022
4 recorded transactions
2022
Price N/A
2017
Price N/A
2001
$195,000
1997
$156,000

Zoning & alternative use

C2 · Banning, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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