Property profile

0 Thornton Ave Hemet, CA 92545

OFF-MARKET
Land
6.04 ac lot
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Property summary

AI-generated overview

This exceptional 6.04-acre parcel presents a rare opportunity for residential development in the desirable Hemet, California market. Located at the southeast corner of S. Cawston Avenue and W. Thornton Avenue, this property is zoned for residential use and offers significant potential for various housing projects. The land is priced competitively at $2 per square foot, totaling an asking price of $530,000. Its strategic location is surrounded by existing single-family homes, retail establishments, and convenient food services. The property's proximity to Harmon Elementary School and West Valley High School adds to its appeal. This acreage represents the last available raw land in the Sanderson Avenue and Cawston Avenue corridors, making it uniquely positioned for a variety of development options, including single-family homes, multi-family dwellings, or senior living facilities (such as memory care or independent living). The APN numbers for this property are 460-250-022 and 460-161-029. The property is situated in Riverside County, California, with a Hemet zip code of 92545. This is a remarkable opportunity to acquire a substantial tract of land in a thriving community. Don't miss this chance to capitalize on the growing demand for housing in this area.

Property profile

Verified
Property type Land
Lot 6.04 ac (263,102 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Thornton Ave Hemet, CA 92545
Hemet metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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