43041 Ca-74 Hemet, CA 92544

This exceptional mixed-use property, located at 43041 State Highway 74 in Hemet, California, presents a unique investment opportunity. The 2,477 square foot building, constructed in 1927 by renowned architect Jekel, boasts a rich history as the Wilson House. The property sits on a 1.25-acre lot (APN 551240011) and features original imported Italian tile in the bathrooms, a fully fenced backyard, a large two-car garage, a small basement, and a unique turret room upstairs. The Riverside County Historic Society indicates potential tax discounts for businesses preserving the historic structure. This prime location offers significant development potential, situated directly in the path of surrounding growth, including a proposed 8000-home development just five minutes away at Stetson and Fairview. A new thoroughfare/walkway is under construction across the street, further enhancing accessibility and visibility. The property's zoning allows for multi-family, office, retail, and other uses. Lot features include a front yard, lawn, level terrain, and ample space. The asking price is $850,000 ($343 per square foot). Owner financing is available with a 20% down payment. This is a rare chance to acquire a piece of Hemet history with significant upside potential.