2185 Ramsey StBanning, CA 92220

Property Details for 2185 Ramsey St

Year built

1950

Construction

WOOD

Lot size

0.22 AC

Property size (Sq ft)

2,136 SF

Zone code

C2

Property type

Grocery and convenience stores

APN

538-163-006

APU

538163006

Description

This turnkey business opportunity presents a well-established, family-owned liquor store in Banning, CA, located at 2185 W Ramsey St, 92220. The 2,500 square foot property includes a fully operational liquor store offering a wide selection of alcoholic beverages and convenience items. Adding to its diverse revenue streams is an on-site carnicería (meat market) providing quality cuts of meat, a full kitchen offering take-out food services, and additional services such as lottery ticket sales, check cashing, and money wire transfers. The business benefits from a high-traffic location and a loyal customer base, ensuring consistent foot traffic and revenue generation. With 20 parking spaces available, customer convenience is maximized. This established business offers a unique combination of services catering to the community's needs, making it an attractive investment opportunity. The asking price is $850,000.

• CAP approach

  CAP return

  Valuation

  6%

  $648,677

  6.5%

  $598,778

  7%

  $556,008

• Comparable approach

  Method

  Valuation

  Relative Method

  $389,691

  Geo Method

  $781,880

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,142,080

  Mixed-Use / Specialty

  $606,987

  Hospitality / Lodging

  $458,794

  Office

  $614,154

  Institutional / Educational

  $634,719

  Residential Income

  $742,621

  Multifamily

  $833,318

  Automotive / Energy

  $544,044

  Parking / Income-Based Land

  $177,524

  Restaurant / Food Service

  $337,773

  Healthcare / Senior Housing

  $611,847

Location Insight

City

Banning

County

Riverside

State

California

Latitude

33.926

Longitude

-116.901

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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