Former Rite Aid Value-Add
42021 E Florida Ave, Hemet, CA 92544
Former Rite Aid building available for sale or lease.
Type:Retail
Property size:
17,340 SFLot size:
1.55 AcresPrice / SF:
$173/SF- Added:
- Jun 25, 2025
- Days on Market:
- 321
- Last Refresh:
- Mar 17 at 1:19 pm
Property Features for 42021 E Florida Ave
General Information
- Standard status
- Active
- Size
- 17,340 SF
- Lot size
- 1.55 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2009
Listing agent Ara Rostamian License #CA 01814678
Listing office Marcus & Millichap - Los Angeles
Listing date Jun 25, 2025
Source Crexi
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
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.
- Expansive interior (approximately 17,340 square feet) with high ceilings (14‑19 feet), functional drive‑thru, and ground‑level loading area.
- Generous parking ratio of 5.04 spaces per 1,000 square feet (87 stalls).
- Strong demographics with a large population (159,469 within a five‑mile radius) and solid average household income ($76,369).
Overview
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.
Location Intelligence
Current Use by Public Records
Chung Y. Pyo, ...
Pharmacy
Coinhub Bitcoin ATM ...
Atm
higi
Physician
Rite Aid
Pharmacy
LibertyX Bitcoin ATM
Atm
Similar Places Nearby
- Chung Y. Pyo, Lac — 42021 E Florida Ave, Hemet, CA 92544
- Rite Aid Pharmacy — 42021 E Florida Ave, Hemet, CA 92544
- Walgreens Pharmacy — 43200 CA-74, Hemet, CA 92544
- Megan Yu — 43200 CA-74, Hemet, CA 925445142
- Haidi Vattolo — 42021 E Florida Ave, Hemet, CA 925445016
Location Insight
- Map
- Local Demand
- City
- Hemet
- County
- Riverside
- State
- California
- Longitude
- -116.9277629
- Latitude
- 33.7471636
Nearby Similar for Sale
FAQs
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 $3,000,000.
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.
