1031 Florida AveHemet, CA 92543

Property Details for 1031 Florida Ave

Year built

1953

Construction

WOOD

Lot size

0.39 AC

Property size (Sq ft)

987 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

442-091-010

APU

442091010

Description

This exceptional 17,000-square-foot property in Hemet, California, presents a unique investment opportunity. Located at 1031 W. Florida Ave., Hemet, CA 92543, this highly visible site boasts a prime location on Florida Avenue, offering excellent exposure from both directions. The property includes two existing small commercial buildings currently generating $3,000 per month in rental income, which will be transferred to the lessee. This income stream provides immediate return on investment. The fenced area abutting Hamilton Avenue is also part of the 17,000 square foot parcel. The property is classified as Industrial, Land, and Special Purpose, with a single tenancy. Lessees have the flexibility to manage the property as they see fit, potentially developing it further or relocating the existing businesses. Modifications to the property are permitted to enhance business operations. A long-term lease is available, starting at a negotiable rate of $0.40 per square foot per month. This versatile property offers significant potential for growth and customization. Contact the property manager for further details.

• CAP approach

  CAP return

  Valuation

  6%

  $398,763

  6.5%

  $368,089

  7%

  $341,797

• Comparable approach

  Method

  Valuation

  Relative Method

  $436,318

  Geo Method

  $875,434

• Alternative Use

  Use

  Valuation

  Residential

  $310,497

  Hospitality

  $284,414

  Educational

  $236,629

  Medical

  $244,767

  Retail

  $368,089

Location Insight

City

Hemet

County

Riverside

State

California

Latitude

33.7471

Longitude

-116.982

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.