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Property profile & analytics
OFF-MARKET
Mixed-use properties

135 Ave Hemet, CA 92543

6,000 SF 1.21 ac lot Built 1957
Property ID
Property summary
AI-generated overview

This exceptional mixed-use property, located at 135 Avenue in Historic Downtown Hemet, California, presents a unique investment opportunity. Boasting 6,000 square feet on a 1.21-acre lot, this building enjoys prime visibility on Highway 74 (Florida Avenue), at the southwest corner of Harvard and Florida Avenues. Daily traffic counts range from 60,000 to 80,000 vehicles, ensuring high exposure for any business. The main level comprises 4,500 square feet of interior space, featuring offices and restrooms conveniently situated along the perimeter. A substantial rear parking lot provides ample space for customers and employees. Its strategic location next to a thriving sports bar and pool hall further enhances its appeal. The property's zoning allows for diverse uses, including restaurants, retail, distribution centers, call centers, and entertainment venues. An additional 2,000 square feet of space is available upstairs, separately, and could potentially be used as living quarters, given the downtown zoning. The upstairs also includes two restrooms. The building's history includes a period as a bank and later a lounge. Exterior features include a beautiful large cement patio, a lawn, and historic palm trees wrapping around the corner. The City of Hemet's initiative to support the development of commercial kitchens in the downtown area makes this property particularly attractive. Furthermore, a significant development project across the street, encompassing a four-story theater with entertainment, dining, and recreation options, is planned around the existing Historic Hemet Theater, promising increased foot traffic and enhanced neighborhood vibrancy. The asking price is $4,200.

Property profile
Verified
Property type Mixed-use properties
Year built 1957
Total area 6,000 SF
Lot 1.21 ac (52,708 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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