980 State StHemet, CA 92543

Property Details for 980 State St

Lot size

3.59 AC

Property type

Retail properties

Property subtype

Retail space

APN

000-146-104

APU

146104

Description

This exceptional Hemet property at 980 N State St offers 8 available units totaling 1,078 square feet of versatile flex space, ideal for automotive or industrial businesses. The property boasts a prime location in Riverside County, providing easy access and high visibility for maximum business exposure. Multiple office and retail spaces are available, catering to businesses of all sizes, with flexible lease terms to accommodate diverse needs. Each unit features convenient roll-up doors, perfect for seamless integration of industrial or automotive equipment. Ample on-site parking ensures convenience for both employees and customers. The well-maintained building offers a professional environment, complemented by nearby amenities and services. This high-traffic location is perfect for businesses seeking a blend of office, retail, and industrial space, offering a strategic advantage in a thriving area. The property's design and features are specifically tailored to meet the demands of automotive and industrial tenants, providing a functional and efficient workspace. The combination of excellent visibility, convenient access, and flexible lease options makes this an unparalleled opportunity for businesses seeking a strategic location in Hemet. Don't miss this chance to establish your business in this exceptional property.

• CAP approach

  CAP return

  Valuation

  6%

  $63,179,936

  6.5%

  $58,319,940

  7%

  $54,154,232

• Comparable approach

  Method

  Valuation

  Relative Method

  $69,130,080

  Geo Method

  $138,703,488

• Alternative Use

  Use

  Valuation

  Residential

  $49,195,052

  Hospitality

  $45,062,404

  Educational

  $37,491,392

  Medical

  $38,780,776

  Retail

  $58,319,940

Location Insight

City

Hemet

County

Riverside

State

California

Latitude

33.7638

Longitude

-116.971

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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