Vacant-User
42 W Ramsey St
42 W Ramsey St, Banning, CA 92220
Listing Price: $1,600,000
Investment Overview
Marcus & Millichap is pleased to present 42 West Ramsey Street in Banning, California, a 9,200-square-foot renovated multi-use retail building with a residential component. This prime offering provides both an owner-user opportunity and a value-add investment in a growing market. An owner-user purchaser can occupy a portion of the building, take advantage of Small Business Administration (SBA) financing, benefit from cash flow and depreciation, and live on-site in a charming upstairs loft. Seller financing is also available, offering attractive interest-only terms. Alternatively, investors can reposition the property with market-rate tenants and maximize its potential. With 750 feet of frontage on West Ramsey Street and a signalized corner location, the property enjoys exposure to over 17,000 vehicles per day (VPD). Additionally, Interstate 10, located just one block away, sees over 132,000 vehicles per day (VPD), providing exceptional visibility and accessibility.
Banning’s strong and expanding economic base further enhances the appeal of this investment. The area boasts 52,000+ residents within a five-mile radius, with a average household income of $88,726, supporting strong consumer spending. New residential developments, including Vista Robles, Canterbury by Crestwood, Atwell, Banning Duplex Apartments, Southcreek, and Rossetta, continue to drive demand for retail services. Banning, California, is an emerging business hub offering economic development incentives, small business grants, and utility rebate programs. Strategically located along Interstate 10 with easy access to major markets, the city is supported by a pro-business government and home to major employers like Amazon, making it an ideal location for business growth and investment.
42 West Ramsey Street is a charming mixed-use property with over $1.2 million in upgrades, offering an owner-user opportunity with on-site residence or various mixed-use repositioning options. Its high-traffic signalized corner location and strong economic drivers make it an ideal investment for an owner-user seeking to offset business income through tax benefits or an investor looking to capitalize on Banning’s continued growth.
42 W Ramsey St
Investment Highlights
- High Traffic Exposure – 17,000 Vehicles Per Day on Ramsey Street
- Excellent Visibility – Approximately 210 Linear Feet of Frontage
- Prime Location – Signalized Corner, One Block from Interstate 10
- Convenient Access – Street-Front Entry With Ample Public Parking
- IRREPLACEABLE LOCATION IN DOWNTOWN BANNING, CA 9,200 Square Feet Street Retail Property on a 5,663 Square Feet (0.13- Acre) Lot All Tenants on Month-to-Month Leases, Offering Flexibility for: Owner-User Buyers – Immediate Occupancy Value-Add Investors – Repositioning With Market-Rate Tenants
- RARE STREET RETAIL OPPORTUNITY Located in Riverside County Within the San Gorgonio Pass, a Historic Area Dating Back to the Gold Rush Nearby Atwell Development by Pardee Homes: 1,543-Acre Master-Planned Community 4,200+ Homes, Parks, Retail Spaces, and Schools Expected to Drive Real Estate Demand and Property Value Growth
- STRATEGIC FREEWAY PROXIMITY Less than 0.5 Miles from Interstate 10 – a Major Transportation Corridor With 132,000+Vehicles Per Day
- EXPANDING COMMERCIAL DESTINATION Positioned in Banning, California, a Key Gateway City in Riverside County's Growing Economic Landscape
Exclusively Listed By
Listing Price: $1,600,000
Investment Highlights
- High Traffic Exposure – 17,000 Vehicles Per Day on Ramsey Street
- Excellent Visibility – Approximately 210 Linear Feet of Frontage
- Prime Location – Signalized Corner, One Block from Interstate 10
- Convenient Access – Street-Front Entry With Ample Public Parking
- IRREPLACEABLE LOCATION IN DOWNTOWN BANNING, CA 9,200 Square Feet Street Retail Property on a 5,663 Square Feet (0.13- Acre) Lot All Tenants on Month-to-Month Leases, Offering Flexibility for: Owner-User Buyers – Immediate Occupancy Value-Add Investors – Repositioning With Market-Rate Tenants
- RARE STREET RETAIL OPPORTUNITY Located in Riverside County Within the San Gorgonio Pass, a Historic Area Dating Back to the Gold Rush Nearby Atwell Development by Pardee Homes: 1,543-Acre Master-Planned Community 4,200+ Homes, Parks, Retail Spaces, and Schools Expected to Drive Real Estate Demand and Property Value Growth
- STRATEGIC FREEWAY PROXIMITY Less than 0.5 Miles from Interstate 10 – a Major Transportation Corridor With 132,000+Vehicles Per Day
- EXPANDING COMMERCIAL DESTINATION Positioned in Banning, California, a Key Gateway City in Riverside County's Growing Economic Landscape
Investment Overview
Marcus & Millichap is pleased to present 42 West Ramsey Street in Banning, California, a 9,200-square-foot renovated multi-use retail building with a residential component. This prime offering provides both an owner-user opportunity and a value-add investment in a growing market. An owner-user purchaser can occupy a portion of the building, take advantage of Small Business Administration (SBA) financing, benefit from cash flow and depreciation, and live on-site in a charming upstairs loft. Seller financing is also available, offering attractive interest-only terms. Alternatively, investors can reposition the property with market-rate tenants and maximize its potential. With 750 feet of frontage on West Ramsey Street and a signalized corner location, the property enjoys exposure to over 17,000 vehicles per day (VPD). Additionally, Interstate 10, located just one block away, sees over 132,000 vehicles per day (VPD), providing exceptional visibility and accessibility. Banning’s strong and expanding economic base further enhances the appeal of this investment. The area boasts 52,000+ residents within a five-mile radius, with a average household income of $88,726, supporting strong consumer spending. New residential developments, including Vista Robles, Canterbury by Crestwood, Atwell, Banning Duplex Apartments, Southcreek, and Rossetta, continue to drive demand for retail services. Banning, California, is an emerging business hub offering economic development incentives, small business grants, and utility rebate programs. Strategically located along Interstate 10 with easy access to major markets, the city is supported by a pro-business government and home to major employers like Amazon, making it an ideal location for business growth and investment. 42 West Ramsey Street is a charming mixed-use property with over $1.2 million in upgrades, offering an owner-user opportunity with on-site residence or various mixed-use repositioning options. Its high-traffic signalized corner location and strong economic drivers make it an ideal investment for an owner-user seeking to offset business income through tax benefits or an investor looking to capitalize on Banning’s continued growth.
Exclusively Listed By
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