Property profile

74 Hwy Hemet, CA 92532

OFF-MARKET
Lifestyle centers
4.42 ac lot
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 4.42-acre commercial land parcel presents a prime investment or development opportunity in Lake Elsinore, California. Located on a signalized corner of Highway 74 and Riverside Street (address: 0 Hwy 74, Lake Elsinore, CA 92532), this property boasts a highly desirable C-2 zoning designation. The expansive lot size allows for a wide range of development possibilities, including but not limited to convenience stores, quick-service restaurants (QSRs), shopping centers, gas stations, car washes, self-storage facilities, and contractor storage yards. The C-2 zoning also permits uses such as auto dealerships, day care centers, drug stores, health care facilities, hotels, motels, office buildings, office parks, restaurants, retail spaces, schools, and supermarkets. This strategic location on a busy highway offers exceptional visibility and accessibility, making it an ideal site for a variety of commercial ventures. The property's APN is 347-110-074 & 347-110-071. The asking price is $2,700,000. This is a rare opportunity to acquire a significant commercial land holding in a rapidly growing area. Don't miss out on this chance to capitalize on the potential of this high-traffic location.

Property profile

Verified
Property type Lifestyle centers
Lot 4.42 ac (192,535 SF)

Cap rate & NOI

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

Location

74 Hwy Hemet, CA 92532
Hemet metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 74 Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message