Investor/Developer Opportunity – R3 Land in Opportunity Zone for 16-Unit Multi-Family Project in rapidly growing Banning. The site allows for the construction of a 16-unit apartment complex, perfectly positioned to capitalize on the city’s strong rental demand and limited multi-family inventory. Banning’s rental market has continued to strengthen, driven by population and job growth as well as proximity to major job centers in Beaumont, Palm Springs, and the Inland Empire. With Interstate 10 access minutes away, this parcel offers excellent commuter connectivity and long-term investment security. Pro Forma & Investor Highlights: Entitled for 16 units – conservative market rents projected at $2,000–$2,400 per unit/month Annual Gross Potential Income: $384,000–$422,400 Estimated Expense Ratio: 20–30% ($76,800–$126,000 annually) Net Operating Income (NOI): $268,000–$346,000 Cap Rate Valuation: At a conservative 6–8% cap rate, the completed project could be valued between $4.4M–$5.7M Flat, buildable parcel ideal for cost-efficient construction Excellent location near schools, shopping, parks, and new retail development Banning remains one of Southern California’s most promising emerging markets, with a shortage of quality rental housing and steady population growth. Whether you build to hold for strong cash flow or sell upon stabilization, this property offers significant upside potential. Don’t miss this rare development opportunity – pro forma numbers support strong returns with multiple exit strategies.
Located on Banning's main commercial street. Two contiguous lots approximately 12,632 sf. Street frontage approximately 100 ft with power and water hook ups within a few feet. The zoning is General Commercial which offers numerous possibilities. Flat lot with plenty of signage to face the freeway to maximize advertising. Billboard currently on lot is owned by LAMAR and has easement rights to change out the sign. Billboard is not included in the purchase of the lot.
APN 545-091-011 is vacant land in Banning with 0.12 acres. The undeveloped land is zoned CBOOK. This parcel does not have a street address and Cryer Dr is listed as a reference.
APN 545-091-011 is vacant land in Banning with 0.12 acres. The undeveloped land is zoned CBOOK. This parcel does not have a street address and Cryer Dr is listed as a reference.
APN 545-091-011 is vacant land in Banning with 0.12 acres. The undeveloped land is zoned CBOOK. This parcel does not have a street address and Cryer Dr is listed as a reference.
Your private mountain paradise. 60 parcels totaling +/- 488 acres. Access from Banning on the unpaved Old Idyllwild Rd, which traverses through the property and connects to Hwy 243 near Poppet Flats. 5 miles of unpaved roads graded in, and multiple rough graded parcels on many of the 20-acre parcels. Electricity and Water available. Percolation test done showing allowable septic. An earthen dam provides a seasonal 5-acre lake. (at least it used to) Surrounded by 2,000 acres of bureau of land management land (USA land) for hiking and horseback riding. Many possible uses, off road park, church camp site, private hunting ranch, private camp site, housing development, etc. etc. Your private mountain Shangri-La .. just 3 miles as the crow flies from south Banning and civilization.
Newly Reduced Price! Discover an exceptional commercial opportunity at 437 W Ramsey Street, Banning, CA 92220 (APN: 540-170-037). This prime 0.3-acre corner parcel sits on one of Banning’s main thoroughfares, offering high visibility and strong traffic exposure. With great potential for commercial development in an established area and immediate access to the I-10 Freeway, this location is ideal for a variety of uses. The seller previously obtained a conditional use permit, providing a head start for buyers looking to explore future development options. A rare chance to secure a strategically located property in a growing corridor, don’t miss it. ****No soils reports, surveys, etc., have been done. Buyer and buyer's agent to verify all information with the city or county for allowable uses and requirements and rely on their own investigations. **Buyer responsible for checking zoning, utilities, permits and exact property boundaries. ****
Build your dream home or dream ranch right here in the beautiful Banning bench! Wake up every day to big, wide-open views of mountain ranges and the calm, laid-back beauty of the area, surrounded by custom homes and local wildlife. This sale includes TWO parcels totaling approximately 2.63 acres, giving you the space, privacy, and true country feel that’s getting harder and harder to find. One parcel includes water shares, which will be transferred to the buyer.
A rare opportunity to own approximately 15 acres of usable land in Banning with valuable water shares and established watershed irrigation already in place. Properties offering this combination of acreage, water resources, and versatility are increasingly hard to find. Whether you're dreaming of a working ranch, equestrian estate, agricultural venture, orchard, vineyard, or a private country retreat, this property provides the space and infrastructure to bring your vision to life. The expansive acreage offers room for livestock, farming, recreation, additional buildings, or future improvements. An existing residence is located on the property, providing immediate occupancy, rental income potential, or the opportunity to renovate while planning your ideal estate. While the home offers flexibility, the true value lies in the exceptional land, reliable water resources, and the countless possibilities this property presents. Conveniently located with easy access to nearby amenities, yet offering the privacy and freedom that only acreage can provide, this is a unique investment in one of Banning's increasingly desirable rural areas. Come experience the possibilities and imagine what you can create on this exceptional 15-acre property.
Welcome to Poppet Flats! This charming elevated lot boasts amazing views of the San Gorgonio Mountain Range. Be immersed in nature with this .14 acre gem. This property is ideal for someone who is seeking privacy and space but quick access to town, shopping and the highway. Ready to camp or build your home or cabin. Don't miss your chance to own a slice of paradise! Buyer to verify all zoning all zoning and utility information with the county.
This approximately 100-acre parcel has been assembled for maximum residential development. Parcel 535-080-020 is approximately 96 acres, and parcel 535-150-013 is more than 4 acres. This property would make a scenic development, a fabulous ranch, or a lovely retreat. There are multiple opportunities for such a desirable parcel, and the City of Banning will be happy to discuss any potential uses and development opportunities. One of the largest benefits is that Loma Linda University owns adjoining land.
HUGE PRICE IMPROVEMENT!! Over 30,000 Sq Ft Flat Lot in the City of Banning - Horse Property with Mountain Views. This spacious and usable lot features over 30,000 square feet of flat terrain, ideal for building a custom residential home. Located in the City of Banning, the property currently features horse corrals, newer wood fence, 900 Square feet of covered outdoor living with an expansive 30x30 patio cover. Enjoy beautiful mountain views and peaceful rural surroundings, with access provided through a city easement. A rare opportunity to own land with open skies, utility potential, and room to grow. Owner might Carry back the loan with the right downpayment.
Property located near post office, stores, courthouse and police station in friendly growing community. Buildable land terrain with existing residences on either side of subject property.
Endless Possibilities on 3.42 Acres in Banning! Discover the opportunity to own 3.42 acres of vacant land nestled in the scenic foothills of Banning, CA. Located near the rapidly developing areas of Riverside County, this spacious parcel (APN: 545-182-048) offers expansive mountain views, open skies, and the perfect canvas to build your dream home, ranch, or investment property. With plenty of room for horses, agriculture, or outdoor recreation, this property is ideal for those seeking privacy and space while still being just a short drive to town, shopping, and freeway access. Zoned for rural residential use—buyer to verify all zoning and utility information with the County. Don’t miss this unique chance to create your own piece of paradise!
Beautiful hilltop property with 1.43 acres. The view is amazing. Price also includes parcel to the East, (3.27 acres- APN 535-080-015). Owner has buildable plans if buyer is interested.
3 in 1!!! Almost 3/4 Acre (31,362 sq') compiled of 3 lots in the beautiful and serene Poppet Flats area of Banning, Ca. Plenty of "flat" land and mountain views to build your dream escape from the city. Poppet Flats lies approximately 3500' above sea level in the foothills of the San Jacinto Mountains. Enjoy hiking the forest trails and viewing local wildlife in the surrounding San Jacinto National Park. The quaint mountain town of Idyllwild is 30 minutes up highway 243. The Cabazon outlets, Morongo Casino, and Palm Springs are all within a 35 minute drive, as well! Become a member of the nearby RV Resort and take advantage of the pool, restaurant & bar, general store, entertainment, and other amenities. Poppet Flats has so much country life to offer within a short distance to access shopping, dining, and other urban delights.
***Excellent location in a growing area***This lot is ready to build on, bring your contractor. Build a new home and or have a manufactured home place here. The property is approved for new home and ADU if this is your goal. Residential Zoning please check with the City of Banning as to what all the possibilities are.
All flat .51 acre lot. Many possibilities for this half acre lot. Rural Residential Zoning. Check with city for usage and restrictions.
Certainly! Here's a suggested MLS description: "Rare opportunity to own a 3.13-acre lot on the desirable Banning Bench! This spacious property offers breathtaking panoramic views and is perfectly suited for equestrian enthusiasts. Zoned to allow for the construction of up to three homes, this is the ideal location to create your private estate or develop a family compound. Enjoy the tranquility of rural living while being just a short drive from local amenities. Don't miss out on this exceptional piece of land with endless possibilities!"
6534 sqft. Lot per Assessor. This is a land parcel located in Banning, Riverside. Beautiful area with nearby camp site as well as homes and activities. Assessor's Parcel Number is 545-107-021. Per Assessors it is where the Rancho Encino Mountain Club area is. Residential Lot APN 545-107-021. Located in Unincorporated- Riverside County, California. Legal description states this is part of the Rancho Encino Mountain Club. Beautiful area with opportunities on the horizon.
4,791 Sq.Ft. Residential Land Lot APN 545-107-028. Located in Unincorporated- Riverside County, California. Legal description states this is part of the Rancho Encino Mountain Club. Beautiful area with opportunities on the horizon. The place has nearby homes and activities. Some of the roads have amazing views leading to the property.
An ideal lot for a custom home and even could include a facility for horses. The lot is ideally located near other properties that offer the rural atmosphere and room for horses. The property is ideal for many miles of trail riding or hiking in the oh so close mountains below Hwy 243. Also close to the Old Idyllwild Road that offers endless trails and hiking trails.
5242 C St in Banning, California, is a 1.74-acre vacant lot currently listed for $349,900. It is zoned for General Commercial use and offers 296 feet of freeway visibility along Interstate 10, making it ideal for business development. The lot has potential for a variety of commercial purposes due to its prime location and zoning. Contact agent for more details or to take a look at the property.
This 1.65-acre residential lot is an incredible opportunity! With its stunning panoramic views of the valley below, proximity to nature, and the attraction of nearby amenities, it's truly a developer's dream. Covered in wildflowers, the blend of elevated rock formations accompanied by the large, nearly flat, central terrain is perfect and makes for a private and luxurious home site while not disturbing the beauty of the surrounding drama. Approximately 1-mile distance up Hwy 243 toward Idyllwild the property provides a peaceful, elevated setting, and with the lot access still to be cut by the buyer, they have the flexibility to customize the entryway to match their vision. Avoiding the hustle & bustle of the valley floor, this elevated lot can be a bit cooler in the summer yet its proximity to Banning and local attractions like the Morongo Casino, Cabazon Outlet Mall and Palm Springs (home of celebrities & Presidents) makes it a perfect blend of seclusion and convenience. This is a perfect spot for someone looking for both tranquility and easy access to shopping amenities and entertainment! You should explore further details about the area and this properties development potential.
This 1.65-acre residential lot is an incredible opportunity! With its stunning panoramic views of the valley below, proximity to nature, and the attraction of nearby amenities, it's truly a developer's dream. Covered in wildflowers, the blend of elevated rock formations accompanied by the large, nearly flat, central terrain is perfect and makes for a private and luxurious home site while not disturbing the beauty of the surrounding drama. Approximately 1-mile distance up Hwy 243 toward Idyllwild the property provides a peaceful, elevated setting, and with the lot access still to be cut by the buyer, they have the flexibility to customize the entryway to match their vision. Avoiding the hustle & bustle of the valley floor, this elevated lot can be a bit cooler in the summer yet its proximity to Banning and local attractions like the Morongo Casino, Cabazon Outlet Mall and Palm Springs (home of celebrities & Presidents) makes it a perfect blend of seclusion and convenience. This is a perfect spot for someone looking for both tranquility and easy access to shopping amenities and entertainment! You should explore further details about the area and this properties development potential.
Banning is located in California. Banning, California has a population of 29,664. Banning is less family-centric than the surrounding county with 20.68% of the households containing married families with children. The county average for households married with children is 35.14%.
The median household income in Banning, California is $46,834. The median household income for the surrounding county is $76,066 compared to the national median of $69,021. The median age of people living in Banning is 43.1 years.
The average high temperature in July is 97.2 degrees, with an average low temperature in January of 39.2 degrees. The average rainfall is approximately 15.5 inches per year, with 0.6 inches of snow per year.
