1995 Florida Ave Hemet, CA 92544

This ±3,775 square foot freestanding building in Hemet, California, presents a unique investment opportunity. Situated on a signalized intersection at the southwest corner of East Florida Avenue and Yale Street, this property boasts exceptional visibility to an estimated 26,688 cars per day. The building, formerly a bank, is available for sale or ground lease. Its prime location on a major retail corridor leading to the 215 Freeway ensures high traffic volume and excellent exposure. The surrounding area features a strong mix of national retailers, including Walmart Neighborhood Market, Stater Bros, Harbor Freight, Grocery Outlet, Planet Fitness, Starbucks, and more, creating a vibrant and desirable commercial environment. Within a three-mile radius, the daytime population exceeds 11,745, with a total population of 66,446 and an average household income surpassing $82,200. The asking price is $1,390,000, translating to $368.21 per square foot. For owner-users, Small Business Administration financing is available, with down payments as low as 10%. A 10% down payment ($139,000) results in an estimated monthly loan payment of $8,074, offering a cost to occupy (and own) of approximately $1.61 per square foot per month. This represents a significant advantage over leasing, coupled with the potential for asset appreciation. SBA financing also allows for leasing up to 49% of the building, further reducing occupancy costs. This property is ideal for owner-occupiers seeking a strategic investment in a thriving retail market.