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:
– 4,000 SF total retail space
– 1,800 SF leased to Yoshinoya ($216K/year income)
– 2,200 SF vacant for owner use or leasing upside of $6,050/month, which can increase the property value by $1M
– Development opportunity! Additional vacant land of over 60,000 sqft zoned GC (General Commercial) is ready for future developments!
-May qualify for an SBA loan for owner-users on the vacant space
-Zoned GC, can be used as retail space, convenient stores, restaurants, coffeeshop, currently ready to be built out as Donut & Coffee shop
-Located 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. General Commercial zoned Let’s talk.
Lechavarria@onthegorealestate.com
