For Sale
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Property summary
This exceptional 1.3-acre commercial property in Banning, CA, boasts a prime location directly off the I-10 freeway, ensuring high visibility and traffic exposure. The property features three buildings: a large open-plan structure previously used as a tire shop (approximately 2,800 square feet), a renovated two-bedroom, one-bathroom house with updated interiors, and a separate office/salon building with an open floor plan and one bathroom. Recent upgrades include brand-new concrete throughout the entire property, secure block walls surrounding the perimeter, and a stylish wrought iron gate with a rolling gate door for convenient access. The property's zoning allows for a variety of commercial uses, making it an ideal investment for entrepreneurs seeking a high-traffic location. Buyers are advised to verify permitted uses with the city of Banning. This versatile property presents a unique opportunity to establish or expand a business in a highly visible and accessible location. The combination of ample space, strategic placement, and recent improvements makes this a compelling investment opportunity. The asking price is $1,450,000.
Property profile
VerifiedCap rate & NOI
Current use
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Auto Parts Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Banning market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
C2 · Banning, CAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C2 in Banning, CA.
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Find the owner behind the property.
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