640 W Nicolet
Banning, CA 92220
33,977Sqft(Lot)
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 Rati
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
-
Lot Information
Main Square Feet: 33977 Lot Size Acres: 0.78 Lot Size Source: Assessor Lot Size Square Feet: 33,977 Lot Description: 11-15 Units/AcreProperty Information
Subdivision: n/a Source Property Type: Land
-
Listing Price Information
Listing Price: $150000Original Price: $279900Cash, Cash to New Loan, Submit
-
Tax Information
Parcel Number: 541110007 Tax Lot: 162 Tax Block: 162
-
Location Information
Direction: 10 to Hargrave St, left on W Nicolet WaterSource: See Remarks
How much is this property worth?
Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.
Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| N/a, Banning, CA, 92220 | $49,900 | -- | -- | -- | 1,702,760 Sqft(Lot) |
| 7 LOT Horse Trail Rd., Banning, CA, 92220 | $62,000 | -- | -- | -- | 1,427,897 Sqft(Lot) |
| Gorgonio View Rd, Banning, CA, 92220 | $150,000 | -- | -- | -- | 945,688 Sqft(Lot) |
| 19030 Highway 243, Banning, CA, 92220 | $225,000 | -- | -- | -- | 87,120 Sqft(Lot) |
| Beechwood Drive, Banning, CA, 92220 | $97,500 | -- | -- | -- | 848,984.40 Sqft(Lot) |
| Summer Breeze Rd, Banning, CA, 92220 | $30,000 | -- | -- | -- | 113,256 Sqft(Lot) |
| 47515 Woodcliff Drive, Banning, CA, 92220 | $140,000 | -- | -- | -- | 97,138.80 Sqft(Lot) |
| 47385 Woodcliff Dr., Banning, CA, 92220 | $95,500 | -- | -- | -- | 116,305 Sqft(Lot) |
| 47066 Twin Pines Road, Banning, CA, 92220 | $116,000 | -- | -- | -- | 133,729.20 Sqft(Lot) |
| 1124 E Theodore Street, Banning, CA, 92220 | $48,999 | -- | -- | -- | 6,534 Sqft(Lot) |
Similar Land To 640 W Nicolet
Nearby For Sale
The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.
ByOwner last updated this listing 07/21/2026 @ 07:45
More Cities with for Sale by Owner Homes
- Banning Homes For Sale By Owner
- Beaumont Homes For Sale By Owner
- Cherry Valley Homes For Sale By Owner
- Cabazon Homes For Sale By Owner
- Calimesa Homes For Sale By Owner
- San Jacinto Homes For Sale By Owner
- Whitewater Homes For Sale By Owner
- Oak Glen Homes For Sale By Owner
- Yucaipa Homes For Sale By Owner
- Forest Falls Homes For Sale By Owner
- Nuevo Homes For Sale By Owner
- Angelus Oaks Homes For Sale By Owner
- Mentone Homes For Sale By Owner
- Hemet Homes For Sale By Owner
- Homeland Homes For Sale By Owner
- Idyllwild Homes For Sale By Owner
- Moreno Valley Homes For Sale By Owner
- Redlands Homes For Sale By Owner
- Palm Springs Homes For Sale By Owner
- Desert Hot Springs Homes For Sale By Owner
Homes around $150,000
Verify Your Email
Please enter the 6-digit verification code
sent to your email address.