For Sale
$1,200,000

553 Ramsey StBanning, CA 92220

2.12-acre commercial lot, prime Banning location.

Overview

Added:
Dec 11, 2024
Days on market:
115
Exceptional development opportunity awaits on this expansive 2.12-acre commercial lot situated at 553 E Ramsey St, Banning, CA 92220. This property, boasting 92,347 square feet (APN 541-150-010), presents a unique chance to capitalize on a high-traffic location within Banning's traditional commercial core. The land is zoned DC, offering flexibility for a variety of uses. Existing structures are on the property, providing potential for redevelopment or repurposing. The asking price is $1,200,000, translating to a land value of $172.66 per square foot. Benefit from excellent street-to-street frontage on Ramsey and Williams Streets, ensuring high visibility and accessibility. The property's strategic location places it in close proximity to the I-10 freeway and downtown Banning, providing convenient access to major transportation routes and a thriving community. Furthermore, its proximity to the new Banning Municipal Courthouse project adds to its investment appeal. The DC zoning allows for a range of commercial uses, including retail, office, restaurants, and entertainment, as well as mixed-use developments incorporating residential components. Hotels, motels, and bed and breakfasts are also permitted uses within this district. This presents a rare opportunity to develop a significant commercial project in a rapidly growing area. Don't miss this chance to acquire a substantial piece of Banning's commercial landscape.

Property Details for 553 Ramsey St

Property type
Land
Square Feet
92,347 SF
Year Built
1900
Lot Size (sq. ft)
92,347 SF

Location Insight

City
Banning
County
Riverside
State
California
Latitude
33.9256635
Longitude
-116.8706277
553 Ramsey St, Banning, California

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553 Ramsey St
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