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    700 Sanderson Ave Hemet, CA 92545

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    For Lease
    Contact for pricing

    Restaurant, Retail, & Anchor Opportunities

    Lot size:
    280,090 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Zanderson Plaza presents a unique investment opportunity in Riverside County. This ±1.99 to ±6.43-acre site is available for ground lease, sale, or build-to-suit (BTS) development. The property boasts exceptional visibility, situated on a signalized corner with approximately 34,337 cars passing daily (CPD). Its strategic location on North Sanderson Avenue provides convenient access to North Hemet and East Florida Avenue. The site is surrounded by residential rooftops, indicating a strong potential customer base. Currently, the trade area is underserved in terms of food and retail options, making this an ideal location for restaurants, anchor tenants, and other retail businesses seeking high visibility and strong potential for growth. The property's multiple tenancy potential allows for flexibility in development and tenant mix. This is a rare opportunity to acquire a significant parcel of land in a high-traffic area with substantial growth potential. The drive-thru capability adds further appeal to potential restaurant tenants. Consider this prime location for your next commercial venture.

    Property Features for 700 Sanderson Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    280,090 SF

    Unit(s) available at that property

    Space
    Bldg 1 - Restaurant
    Size
    46,609 SF
    Space
    Bldg 2 - Restaurant
    Size
    43,560 SF
    Space
    Bldg 3 - Anchor-Retail
    Size
    103,673 SF
    Space
    Bldg 4 - Retail
    Size
    43,124 SF
    Space
    Bldg 5 - Restaurant
    Size
    43,124 SF

    HighLights

    • ±1.99 - ±6.43 acres available for ground lease, sale, or build‑to‑suit.
    • Drive‑thru, restaurant, anchor, and retail opportunities available.
    • High visibility corner lot with ±34,337 cars per day (CPD).
    • Underserved trade area with high residential density, ideal for food and retail uses.
    • Located on N Sanderson Ave, connecting North Hemet and E Florida Ave in Riverside County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Chevron Gas Station Em Extra Mile Convenience Store Krispy Krunchy Chicken Chicken Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hemet
    County
    Riverside
    State
    California
    Longitude
    -117.00656767858
    Latitude
    33.758720474849

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    FAQs

    What type of property is this?
    Individual retail property - Restaurant, Retail, & Anchor Opportunities
    Where is this individual retail property located?
    The property is located at 700 Sanderson Ave Hemet, CA.
    What are key features of this property?
    This property features: ±1.99 - ±6.43 acres available for ground lease, sale, or build-to-suit.; Drive-thru, restaurant, anchor, and retail opportunities available.; High visibility corner lot with ±34,337 cars per day (CPD).
    Request Owner's contact information
    700 Sanderson Ave Hemet, CA 92545
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    Hemet, CA 92545
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    700 Sanderson Ave Hemet, CA 92545
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