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:
– 4,200 SF total retail space
– 2,000 SF leased to Yoshinoya ($216K/year income)
– 2,200 SF vacant for self use with leasing upside of $6,050/month, which can increase the property value by $1M
– Fully entitled and design-reviewed for an 80-room hotel
-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 Let’s talk.