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$150,000
OC26007699 MLS
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.

640 W Nicolet, Banning

Listing courtesy of Listing Agent: Mikaela Nguyen (mikaela@hmrealtysocal.com) from Listing Office: H & M Realty Group.

$1,650,000
IV25281718 MLS
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.

Old Idyllwild Rd, Banning

Listing courtesy of Listing Agent: LEE SPENCE (lee.spence@daumcommercial.com) from Listing Office: DAUM COMMERCIAL RE SERVICES.

$220,000
SW25267568 MLS
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. ****

437 W Ramsey Street, Banning

Listing courtesy of Listing Agent: Steve Welty (steve@scwelty.com) from Listing Office: Steve Welty & Associates Inc.

$990,000
IG25253356 MLS
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.

11055 Sunset, Banning

Listing courtesy of Listing Agent: April Mann (apee98@gmail.com) from Listing Office: CENTURY 21 LOIS LAUER REALTY.

$549,700
TR25220275 MLS
Amazing, rural lifestyle awaits you on this beautiful 8.99 acres in the most desirable area of Banning, Banning Bench property. Offers stunning, panoramic mountain views. Few locations like this one available close to sought after, busy locations, including Palm Springs, Morongo, Cabazon Outlets, golf courses and more. Property comes with 140 shares of Banning Heights Mutual Water Company Stocks. Suitable for horse ranch or may be divided into 1 acre minimum parcels. Buyer to do their due diligence and check with county to divide and with the water company about the release of water meters. $1M luxury custom homes are being built here. There is an old well on the property which is not warranted by the seller as to condition or output, if any. Buyer to check with County of Riverside regarding use of well and/or obtaining a building permit subject to the use of well.

Gilman, Banning

Listing courtesy of Listing Agent: VANESSA OTERO (ovanesssarebroker@vanessaotero.net) from Listing Office: Falcon One Financial, Inc..

$97,500
IV25220135 MLS
Three parcels of land inside a cul-de-sac nestled in the scenic hills above Banning with panoramic views that overlook the City lights of Banning below. There is a water meter in place making this location the ideal opportunity to build the home of your dreams. Located in the Banning School District. Charming mountain community that offers a quiet peaceful atmosphere. The Cabazon Outlet Mall, and fantastic dining in Palm Springs are just a short drive away, or head further up the mountain to the quaint little town of Idyllwild for year round activities. Clean air, beautiful weather, lovely scenery and quiet evenings away from the city. Dirt trails allow for quiet horse rides while relishing in the views of the San Jacinto mountains. Listing includes 10.47 acres known as APN: 544-270-003, 1.51 acres known as APN: 544-270-002, & 7.51 acres known as APN: 544-150-047 = 19.49 acres total. The owner will carry a short term note and deed of trust for a qualified buyer. Call listing agent for a map to drive by the property today.

Beechwood Drive, Banning

Listing courtesy of Listing Agent: TERRY GOLDY (goldyrealty@outlook.com) from Listing Office: TERRY GOLDY REALTY.

$80,000
IG25172906 MLS
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.

Banning APN538-272-004, Banning

Listing courtesy of Listing Agent: Rosalva Lizama (rossy.lizama@yahoo.com) from Listing Office: CENTURY 21 LOIS LAUER REALTY.

$42,000
IG25110904 MLS
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.

45902 Lynx Street, Banning

Listing courtesy of Listing Agent: GARY DOSS (gary@socalresorts.com) from Listing Office: COMPASS.

$54,900
219125939DA MLS
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.

Na Apn# 543190009 (1.65 Acres), Banning

Listing courtesy of Listing Agent: Norman Lee (norman.lee@camoves.com) from Listing Office: Coldwell Banker Realty.