1995 E Florida Ave Hemet, CA 92544
Former bank building or ground lease opportunity in Hemet.
Type:Retail
Property size:
3,775 SF- Added:
- Jan 23, 2024
- Days on Market:
- 819
- Last Refresh:
- Mar 17 at 1:25 pm
Property Features for 1995 E Florida Ave
General Information
- Standard status
- Active
- Size
- 3,775 SF
- Property subtype
- Retail
Listing agent Albert Lopez License #CA 01409003
Listing office Progressive Real Estate Partners
Listing date Jan 23, 2024
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 Progressive Real Estate Partners
Overview
Freestanding Building on Signalized Intersection
A freestanding building, formerly a bank, is available for sale. The property offers the opportunity to lease the existing approximately 3,775 square foot building or ground lease the parcel for redevelopment. Situated on the southwest corner of E. Florida Avenue and Yale Street, the location benefits from high visibility with approximately 27,720 cars per day. Demographics within a 3-mile radius indicate a daytime population of 20,006 and an overall population of 114,754, with an average household income exceeding $79,576. The surrounding area features a mix of national tenants, including Walmart Neighborhood Market, Stater Bros, Harbor Freight, Grocery Outlet, Planet Fitness, Starbucks, True Value, Taco Bell, and Rent-A-Center. Purchase financing is available to owner-users through the Small Business Administration with down payments as low as 10%. SBA financing allows buyers to lease up to 49% of their building, creating the opportunity to further reduce occupancy costs.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Banks
Location Insight
- Map
- Local Demand
- City
- Hemet
- County
- Riverside
- State
- California
- Longitude
- -116.9513513
- Latitude
- 33.7473483
Nearby Similar for Sale
FAQs
What type of property is this?
Bank - Former bank building or ground lease opportunity in Hemet.
Where is this bank located?
The property is located at 1995 E Florida Ave Hemet, CA.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: Opportunity to own the building with SBA financing, potentially costing less than leasing.; Located on a signalized intersection with **high visibility (±27,720 CPD)**.; **Freestanding building (±3,775 SF)** with ground lease option available.
