Former Rite Aid Value-Add
For Sale
$1,800,000
42021 E Florida Ave, Hemet, CA 92544
Former Rite Aid building available for sale or lease.
Property Size17,340 SF
Lot Size1.55 Acres
Price / SF$103.81
Days on Market180
Property Features for 42021 E Florida Ave
General Information
Standard status
Active
Size
17,340 SF
Lot size
1.55 Acres
Property subtype
Vacant-User
Amenities
Infill Value-Add Opportunity for Sale or Lease: 42021 East Florida Avenue Presents a Significant Infill Value-Add Opportunity Through Repositioning or Redevelopment of a Former Rite Aid Building.
Well Maintained Former Rite Aid Building – Built in 2008: Excellent Positioning With Clear Sight to Both Sides of Building For Signage Ceiling & Height Approximately 14' to 19'
Strong Fundamental Site Features: Signalized Hard Corner Location at the Bustling Intersection of Florida Avenue and South Meridian Avenue, Which Sees Over 29,000 Cars Per Day.
Located in Dense Retail Hub with Strong Retail Synergy: Subject Site Is Located in Hemet's Premier Retail Hub With Over 2.2 Million Square Feet of National and Regional Tenants Within a Two-Mile Radius Serving the City of Hemet and San Jacinto.
City of Hemet – Dense Working-Class Demographics: The City of Hemet is Located in The San Jacinto Valley (Riverside County) and is Adjacent to the Highly Visited San Jacinto Forests.
Building Details
Building Size
17,340 SF
Year Built
2009
Listing Agency:
Marcus & Millichap - Los Angeles
Listed By:
Orbell Ovaness · License #License(s): CA: 01402142
(213) 943-1822
Source:
Marcusmillichap
Added: Mar 27
Changed: Sep 21
Last Checked: Sep 21 at 3:50AM
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 Marcus & Millichap - Los Angeles
Investment Insights
Based on property information with market context.
Located at 42021 East Florida Avenue, this former Rite Aid building presents a prime infill value-add opportunity through repositioning or redevelopment. Constructed in 2008, the property totals approximately 17,340 square feet on a 1.55-acre lot (67,518 square feet). The building is available for sale at a price below replacement cost, or for lease at market rates. The interior is expansive, suitable for a variety of uses, with ceiling heights ranging from 14 to 19 feet. It includes a functional drive-thru and a designated ground-level loading area at the back. The property features excellent visibility with signage opportunities on both sides, as well as an existing monument sign on East Florida Avenue. The site benefits from a signalized hard corner location at the intersection of Florida Avenue and South Meridian Street, which experiences over 29,000 cars per day. Ingress and egress are efficiently positioned before the intersection with two-way curb cuts. The parking ratio is 5.04 spaces per 1,000 square feet, totaling 87 parking stalls. The site includes fortified and secured trash enclosures. Situated in Hemet’s premier retail hub, the property benefits from strong retail synergy, with over 2.2 million square feet of national and regional tenants within a two-mile radius serving Hemet and San Jacinto. The location is supported by strong demographics, comprising 159,469 people within a five-mile radius and an average household income of approximately $76,369.
Key Highlights
- Prime infill location at a signalized hard corner with high traffic count (over 29,000 cars per day) and excellent visibility.
- Value‑add opportunity through repositioning or redevelopment of a former Rite Aid building.
- Located in Hemet's premier retail hub with strong retail synergy and proximity to major national and regional tenants.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
97k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Groceries 32%
Shops & Services 18%
Stater Bros. Markets
Groceries
31,139 visits/mo
0.2 miles
Starbucks
Dining
20,663 visits/mo
0.2 miles
Del Taco
Dining
15,934 visits/mo
0.1 miles
7-Eleven
Shops & Services
6,884 visits/mo
0.0 miles
KFC
Dining
4,010 visits/mo
0.4 miles
Demographics for 92544, CA
50,007
Population
17,568
Households
2.8
Avg Household Size
37
Median Age
14%
College-Educated
81%
High-School Grad
170.8 sq mi
ZIP Area
293
Density / Sq Mi
$67,011
Median Household Income
$37,785
Median Earnings
$1,530
Median Rent
$356,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Rite Aid Pharmacy — 42021 E Florida Ave, Hemet, CA 92544
- Chung Y. Pyo, Lac — 42021 E Florida Ave, Hemet, CA 92544
- Haidi Vattolo — 42021 E Florida Ave, Hemet, CA 925445016
Frequently Asked Questions
What type of property is this?
Drug store - Former Rite Aid building available for sale or lease.
Where is this drug store located?
The property is located at 42021 E Florida Ave Hemet, CA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Prime infill location at a signalized hard corner with high traffic count (over 29,000 cars per day) and excellent visibility.; Value‑add opportunity through repositioning or redevelopment of a former Rite Aid building.; Located in Hemet's premier retail hub with strong retail synergy and proximity to major national and regional tenants.
