1235 E Florida Ave Hemet, CA 92543
Well-located retail strip center with value-add potential in Hemet, CA.
Source:
Nmrk
Listing Agent: Steve Bernier
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Multi-Tenant Retail Strip Center
The property at 1235 E. Florida Street in Hemet, California, is a multi-tenant retail strip center situated at the southwest corner of E. Florida Avenue (State Route 74) and San Jacinto Street (State Route 79). The property has approximately 12,930 square feet of gross leasable area on a 34,848 square foot lot. It features frontage and visibility along a high-traffic intersection. The center is currently 91.5% occupied by a mix of nine local and regional tenants, providing in-place income with potential for increased value. Most leases are month-to-month or nearing expiration, offering flexibility to re-lease at market rates or transition tenants to NNN lease structures. Florida Avenue (SR-74) is the main retail corridor of Hemet, featuring national retailers such as Walmart Supercenter, Target, Home Depot, Ross, ALDI, and Starbucks. San Jacinto Street connects Hemet to San Jacinto, creating a strategic intersection for commuter and local traffic. Hemet and San Jacinto are growing submarkets in Riverside County, with over 150,000 residents and new housing units under construction or approved. The area sees increased demand for retail services and community-serving uses.
Location Intelligence
Current Use by Public Records
Strip malls
Location Insight
- Map
- Local Demand
- City
- Hemet
- County
- Riverside
- State
- California
- Longitude
- -116.9589194
- Latitude
- 33.7468576
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FAQs
What type of property is this?
Strip mall - Well-located retail strip center with value-add potential in Hemet, CA.
Where is this strip mall located?
The property is located at 1235 E Florida Ave Hemet, CA.
What are key features of this property?
This property features: - High-profile corner location at a signalized intersection of two major commercial arterials (E. Florida Avenue and San Jacinto Street) with strong frontage and visibility.; - Significant value-add potential due to the majority of leases being month-to-month or near expiration.; - Stable in-place income with the property currently 91.5% occupied.