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$ 688,000
Est. payment /mo
Price Dropped by $50K
50 N 1st Banning, CA 92220
6,534 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID IG26138023
HOA Y/N No
Year Built 1964
Lot Size 6,534 Sqft
Property Sub-Type Retail
Property Description
6,400 sq. ft. building centrally located in Historic Downtown Banning with easy access to the 10 FWY. Walking distance to Banning City Hall, County of Riverside offices, Superior Court, shopping, dining and the historic Fox Theater. Building is also for lease at $4,500 + NNN per month.
The property has a very tall facade (Great for signage and marketing) and high ceilings to match. The property has access to 60+ public parking spots on 1st Street as well as alley access in the back. Currently there is a month to month tenant operating a flooring store that can be given notice if wanted. Zoned Downtown Commercial (DC).
Major new developments coming to the area including Vista Robles by KB Home: A new development on 65 acres, Atwell (Tri Pointe Homes): A massive master-planned community, Canterbury by Crestwood Communities: A large-lot neighborhood, and a new Wyndham hotel. All of these new projects will increase demand for retail and services in Downtown. Approximately 100,000 cars cross the 10 FWY by Banning exits on a daily basis. Banning high school is just across the freeway.
The property has a very tall facade (Great for signage and marketing) and high ceilings to match. The property has access to 60+ public parking spots on 1st Street as well as alley access in the back. Currently there is a month to month tenant operating a flooring store that can be given notice if wanted. Zoned Downtown Commercial (DC).
Major new developments coming to the area including Vista Robles by KB Home: A new development on 65 acres, Atwell (Tri Pointe Homes): A massive master-planned community, Canterbury by Crestwood Communities: A large-lot neighborhood, and a new Wyndham hotel. All of these new projects will increase demand for retail and services in Downtown. Approximately 100,000 cars cross the 10 FWY by Banning exits on a daily basis. Banning high school is just across the freeway.
Location
State CA
County Riverside
Area 263 - Banning/Beaumont/Cherry Valley
Interior
Heating None
Fireplace No
Laundry None
Building
Lot Description Rectangular Lot
Story 1
Water Public
Others
Tax ID 540168005
Acceptable Financing Cash, Conventional, Submit
Listing Terms Cash, Conventional, Submit
Special Listing Condition Standard
Listed by David Friedman REALICORE 909-810-2108, DRE #01909018