2185 Ramsey StBanning, CA 92220

  • Retail properties
  • 2,136 SF
For Sale
$850,000 View listing

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
Retail properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $862,977
    6.5%
    $796,594
    7%
    $739,695
  • Comparable approach

    Method
    Valuation
    Relative Method
    $944,250
    Geo Method
    $1,894,556
  • Alternative Use

    Use
    Valuation
    Residential
    $671,957
    Hospitality
    $615,509
    Educational
    $512,096
    Medical
    $529,708
    Retail
    $796,594
2185 Ramsey St, Banning, California

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$7,274
$240,775
$284,145
$524,920
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-
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