Share This Listing

Message

963 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

116 W Ramsey St 3,026 SF Retail Building Banning, CA 92220 $1,744,900 CAD ($576.64 CAD/SF)

Save this listing!

Favourite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

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

EXECUTIVE SUMMARY

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.

PROPERTY FACTS

Sale Type
Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,026 SF
Building Class
C
Year Built/Renovated
1936/2004
Price
$1,744,900 CAD
Price Per SF
$576.64 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.69
Lot Size
0.10 AC
Opportunity Zone
Yes
Zoning
C2 - Restaurant Use Permitted. May require Grease trap installation per City requirements.
Frontage
74’ on W Ramsey St

AMENITIES

  • 24 Hour Access
  • Air Conditioning
Walk Score®
Very Walkable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
540-203-008
Land Assessment
$97,469 CAD (2025)
Improvements Assessment
$126,473 CAD (2025)
Total Assessment
$223,942 CAD (2025)
  • Listing ID: 30396555

  • Date on Market: 2023-12-18

  • Last Updated:

  • Address: 116 W Ramsey St, Banning, CA 92220

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}