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
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. Commercial zoned Lets talk.