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Attention investors, developers, and 1031 exchange buyers:This 2.5-acre commercial property in the City of Banning is now available for $4 million.Features:– 4,200 SF total retail space– 2,000 SF leased to Yoshinoya ($216K/year income)– 2,200 SF vacant for self use with leasing upside of $6,050/month, which can increase the property value by $1M– Fully entitled and design-reviewed for an 80-room hotel-May qualify for an SBA loan for owner-users on the vacant spaceLocated just off Hwy 10, near Desert Hills Premium Outlets and Morongo Casino.-Leasing the vacancy could instantly increase property value by over $1M.Value-add, income-producing, and development-ready. Commercial zoned Let’s talk.
Property Type(s):
Commercial
| Last Updated | 4/30/2025 | Year Built | 2024 |
|---|---|---|---|
| Community | Banning/Beaumont/Cherry Valley | County | Riverside |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Banning/Beaumont/Cherry Valley |
| HEAT | Central |
| LOT | 2.35 acre(s) |
| LOT DESCRIPTION | Lot Over 40000 Sqft, Value In Land |
| STORIES | 1 |
| UTILITIES | Cable Connected,Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected |
| WATER | Public |
| ZONING | GC |
Location
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Listed with UNIVERSAL ELITE REALTY
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