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    140 Franklin St Hemet, CA 92543

    Sponsored
    For Sale
    $2,550,000

    Large Religious Facility with Residences

    Property size:
    48,786 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional property at 140 N Franklin St, Hemet, CA 92543 presents a unique investment opportunity. The expansive 48,786 square foot lot houses a substantial religious facility, boasting approximately 13,780 square feet of usable space. The main building features a sanctuary with seating for approximately 350 people, complemented by numerous classrooms and offices, a fully equipped kitchen, and ample on-site parking for 65 vehicles. The property also includes three separate single-family residences, adding significant versatility and potential rental income streams. The facility is equipped with a solar power system, contributing to energy efficiency and cost savings. Located in Riverside County, this property benefits from its prominent position in Hemet, California, offering convenient access to local amenities and a strong community presence. The asking price is $2,550,000, translating to a price per square foot of $52.27. This represents a compelling opportunity for religious organizations, investors, or developers seeking a substantial and well-equipped property in a desirable location. The property's size, features, and location combine to create a truly exceptional offering.

    Property Features for 140 Franklin St

    General Information

    Property type
    Churches & religious facilities
    Square Feet
    48,786 SF

    HighLights

    • 140 N Franklin St, Hemet, CA 92543: 48,786 SF lot with a 13,780 SF religious facility.
    • Facility includes a 350‑seat sanctuary, numerous classrooms & offices, a kitchen, and 65 parking spaces.
    • Three separate single‑family residences on‑site.
    • Equipped with a solar power system.
    • Asking price: $2,550,000 ($52.27/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    World Travel Tees T-Shirt Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Hemet
    County
    Riverside
    State
    California
    Longitude
    -116.96600496
    Latitude
    33.74851183

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    FAQs

    What type of property is this?
    Church & religious facility - Large Religious Facility with Residences
    Where is this church & religious facility located?
    The property is located at 140 Franklin St Hemet, CA.
    What is the asking price?
    The asking price for this property is $2,550,000.
    What are key features of this property?
    This property features: 140 N Franklin St, Hemet, CA 92543: 48,786 SF lot with a 13,780 SF religious facility.; Facility includes a 350-seat sanctuary, numerous classrooms & offices, a kitchen, and 65 parking spaces.; Three separate single-family residences on-site.
    (858) 369-3017
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    140 Franklin St Hemet, CA 92543
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    Hemet, CA 92543
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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
    140 Franklin St Hemet, CA 92543
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