1200 Florida AveHemet, CA 92543

Property Details for 1200 Florida Ave

Lot size

2.62 AC

Property type

Retail properties

Property subtype

Other automotive properties

APN

000-237-260

APU

237260

Description

This exceptional retail and automotive showroom opportunity is located in the heart of Hemet, boasting high visibility on West Florida Avenue. The property comprises three single-story buildings totaling 41,540 square feet, offering flexible spaces ranging from a minimum of 1,160 square feet to a maximum contiguous space of 6,725 square feet. Currently, there are 26 suites, with 13,255 square feet of vacant space available for lease. The property sits on 2.62 acres of land with a 334-foot frontage on West Florida Avenue, including one curb cut for convenient access. Ample parking is provided with 70 spaces available for tenants and customers. Built in 1997, this Class B property is zoned C1 and features a building floor area ratio (FAR) of 0.36. The property benefits from a strong existing tenant base, offering a vibrant and established commercial environment. This location provides excellent visibility and signage opportunities, making it ideal for a variety of retail and automotive businesses. The property's convenient location and ample parking cater to a wide range of business needs and requirements. The property's APN is 442-073-022, located in Riverside County. Note that floor plans, site plans, pricing, tenant mix, and availability are subject to change.

• CAP approach

  CAP return

  Valuation

  6%

  $46,109,072

  6.5%

  $42,562,220

  7%

  $39,522,060

• Comparable approach

  Method

  Valuation

  Relative Method

  $50,451,520

  Geo Method

  $101,226,584

• Alternative Use

  Use

  Valuation

  Residential

  $35,902,824

  Hospitality

  $32,886,794

  Educational

  $27,361,426

  Medical

  $28,302,428

  Retail

  $42,562,220

Location Insight

City

Hemet

County

Riverside

State

California

Latitude

33.7477

Longitude

-116.984

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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