116 W Ramsey St - Restaurant FOR SALE


Banning, CA 92220- Downtown Banning
$1,250,000 USD
951-533-7525
116 W Ramsey St, Banning, CA for Sale
$1,250,000 USD
Restaurant - FOR SALE
1/26
null | Request Cap Rate

116 W Ramsey St
Banning, CA 92220
Downtown Banning


HIGHLIGHTS

  • Excellent location near 10 fwy for Shake Shack, Chipotle, Starbucks, CAVA or other Global Food Franchisees
  • Walking Distance to City Hall, Police Department, Courthouse and Retail
  • Over 50 years operating as a profitable Chinese food restaurant.

OVERVIEW

We are pleased to present a rare and exceptional opportunity to acquire a historic and well-established Chinese restaurant, located in the heart of Historic Downtown Banning. Serving the community for over 37 years, this iconic establishment offers an unbeatable location within walking distance of key civic landmarks, including City Hall, the Courthouse, and the Police Department, as well as various shops and restaurants. The property benefits from substantial foot and vehicle traffic, ensuring high visibility and customer accessibility. The commercial space spans approximately 3,000 square feet, providing ample room for both dining and kitchen operations. The kitchen is outfitted with modern, high-quality equipment, including a wash station, storage room, walk-in freezer, prep area, and more. The restaurant’s strategic location on a bustling street, combined with prominent signage, guarantees maximum exposure and community presence. Inside, the dining area is thoughtfully arranged with well-maintained booths, tables, and chairs, creating a welcoming ambiance for guests. With a rich legacy spanning over five decades, the restaurant is renowned for its exceptional Chinese cuisine and strong community ties. This property offers flexibility for the future owner, whether you wish to continue its tradition as a Chinese restaurant or introduce a new culinary concept. Don't miss this unique opportunity to own a piece of local history in a prime downtown location. Contact us today to schedule a viewing and explore the full potential of this remarkable property.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$413 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1936

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

S. 1st St.

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

C2

APN/PARCEL ID

540-203-008

ASK ABOUT THIS PROPERTY

Vinod DesarBerkshire Hathaway California PropertiesMore Info
951-533-7525

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Vinod DesarBerkshire Hathaway California PropertiesMore Info
951-533-7525

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.