103 Stetson AveHemet, CA 92543

Property Details for 103 Stetson Ave

Year built

1976

Construction

WOOD

Lot size

0.31 AC

Property size (Sq ft)

2,550 SF

Zone code

C2

Property type

Retail properties

Property subtype

Banks

APN

451-080-012

APU

451080012

Description

This exceptional retail property, located at 103 Stetson Avenue in Hemet, California, presents a compelling investment opportunity. Boasting a generous 3,219 square feet of space, this property is ideally situated for a variety of retail businesses. The building sits on a sizable 0.31-acre lot, offering ample room for expansion, outdoor seating, or additional parking. Its prime location in Hemet ensures high visibility and accessibility for customers. The asking price for this property is $1,500,000. This represents a significant opportunity to acquire a well-positioned retail space in a growing market. The property's size and location make it suitable for a wide range of retail concepts, from boutiques and specialty stores to larger-scale operations. The substantial lot size provides flexibility for future development or expansion, catering to the evolving needs of a business. Serious inquiries are encouraged to explore the potential of this exceptional retail property and its significant upside. The property is ready for immediate occupancy, allowing for a swift transition and commencement of operations. Don't miss this chance to secure a prime retail location in a thriving area. Further details and viewing arrangements can be made upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $1,030,239

  6.5%

  $950,990

  7%

  $883,062

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,127,265

  Geo Method

  $2,261,759

• Alternative Use

  Use

  Valuation

  Residential

  $802,196

  Hospitality

  $734,807

  Educational

  $611,351

  Medical

  $632,376

  Retail

  $950,990

Location Insight

City

Hemet

County

Riverside

State

California

Latitude

33.7291

Longitude

-116.971

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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