116 W Ramsey Street Banning, CA $ 1,250,000
116 W Ramsey Street
$ 1,250,000
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116 W Ramsey Street

Banning, CA, 92220
$ 1,250,000
Baths0.0 Sq 3,026

Monthly Estimate*

$ 8,732

Listed by Berkshire Hathaway Homeservices California Realty
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Studio

Commercial Property for sale in Banning, CA

for $1,250,000. This 3,026 square foot building was built in 1936 on a lot size of 0.1.

Welcome to an extraordinary opportunity to own a piece of history! This iconic Chinese food restaurant has been a staple in the heart of Historic Downtown Banning for over 37 years and is now available for sale. This long-standing establishment boasts a prime location within walking distance of City Hall, Courthouse, Police Department, shops, and restaurants, ensuring maximum visibility and customer reach with heavy vehicle and foot traffic. The beautifully maintained commercial building spans approximately 4000 sq ft, providing ample space for both dining and kitchen operations. The kitchen is equipped with state-of-the-art appliances, including a wash station, storage room, walk-in freezer, prep station, and more. Enjoy a prominent position on a bustling street, attracting both locals and visitors alike. A strategically placed sign ensures high visibility, creating a strong presence in the community. Immerse yourself in a well-planned layout featuring meticulously maintained booths, tables, and chairs. Each element contributes to the overall ambiance of the dining space. With over five decades of establishment, this restaurant carries a legacy and reputation for delivering delicious Chinese cuisine. The property's versatility allows for continued use as a Chinese restaurant or the opportunity to introduce a new culinary concept. Immerse yourself in the rich history of this business and become the next steward of this culinary legacy! Don't miss the chance to own a well-established restaurant in a prime downtown location. Contact us today to schedule a viewing and explore the endless possibilities this property holds.

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Commercial Active

Price

$ 1,250,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

SpecialPurpose

Lot Size

0.1

Year Built

1936

Town/City

Banning

County/Region

Riverside

MLS | Web ID

EV23217707

Days on Market

169

Features
General
Heating Central
Cooling CentralAir
Roof Shingle
Security Features CarbonMonoxideDetectors SmokeDetectors
Year Built 1936
Property SubType SpecialPurpose
Business Type Restaurant
County Riverside
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions Corner of Ramsey and 1rst st
City Banning
View Y/N N
Senior Community Y/N N
MLS Area 263 - Banning/Beaumont/Cherry Valley
Lot Size Square Feet 4356.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Ramsey
Listing Terms Cash CashtoNewLoan Conventional Submit
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Current Financing None
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 50
Building Area Units SquareFeet
Standard Status Active
Occupancy Description Owner
Property Sub Type Additional SpecialPurpose
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Exterior
Lot Features CornerLot
Water Source Public
Lot Size Area 4356.0
Number of Buildings 1
Spa N
Building Area Total 3026.0
Lot Size Acres 0.1
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Street
Laundry Features None
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 116
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* Excluded Features
List By
Berkshire Hathaway Homeservices California Realty

Broker

(909) 273-6020

Phone

Affordability Calculator

$8,732
Per Month
100%
0%
0%
Monthly Principal & Interest
$8,732
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/29/2023$999,988 Listed Price

Map


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116 W Ramsey Street, Banning, CA, 92220 is a Commercial Property for sale at $1,250,000 with 3,026 sqft and a lot size of 0.1. 116 W Ramsey Street is a studio with 0.0 baths and was built in 1936. The property's zip code is 92220 which is in Banning, CA