Multi-Tenant Retail Strip
For Sale
Contact for pricing
1235 E Florida Ave, Hemet, CA 92543
Well-located retail strip center with value-add potential in Hemet, CA.
Property Size12,930 SF
Lot Size0.80 Acres
Days on Market208
Property Features for 1235 E Florida Ave
General Information
Standard status
Active
Size
12,930 SF
Lot size
0.80 Acres
Property subtype
Retail
Listing Agency:
(213) 596-2281
Listed By:
Steve Bernier · License #CA RE Lic. #02241836
Source:
Nmrk
Added: Jan 27
Changed: Aug 22
Last Checked: Aug 22 at 4:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Steve Bernier
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,533
Businesses Nearby
Explore this area
Business Placement
Demographics for 92543, CA
39,323
Population
15,225
Households
2.6
Avg Household Size
37
Median Age
13%
College-Educated
75%
High-School Grad
19.1 sq mi
ZIP Area
2,059
Density / Sq Mi
$47,002
Median Household Income
$34,376
Median Earnings
$1,306
Median Rent
$250,800
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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.
