125 Tahquitz AveHemet, CA 92543

Property Details for 125 Tahquitz Ave

Year built

1946

Construction

WOOD

Lot size

0.78 AC

Property size (Sq ft)

934 SF

Zone code

R3

Property type

Retail properties

Property subtype

Retail space

APN

443-172-027

APU

443172027

Description

This 1,168 sq ft retail building at 125 N Tahquitz Avenue, Hemet, CA, is situated on a 0.78-acre lot and is priced at $650,000. Previously used as an ice cream shop, it features a walk-in cooler, separate sinks, a spacious reception area with wood laminate flooring, two private offices, and a bathroom. A full basement provides substantial storage space. The property's significant advantage is its expansive parking lot, equipped with electrical switches in each spot, easily accommodating RVs, food trucks, and other businesses needing ample parking and convenient access for deliveries. The gated driveway and fully fenced lot enhance security. Its strategic location, just off Florida Avenue and adjacent to a Circle K gas station, ensures high visibility and traffic. The property's versatility makes it suitable for a variety of businesses, including but not limited to ice cream shops, food trucks, coffee shops, tire shops, window tinting businesses, pest control services, or property management offices. This is a unique opportunity to establish or expand a business in a thriving commercial area of Hemet. The motivated seller is open to offers.

• CAP approach

  CAP return

  Valuation

  6%

  $377,350

  6.5%

  $348,323

  7%

  $323,443

• Comparable approach

  Method

  Valuation

  Relative Method

  $412,888

  Geo Method

  $828,425

• Alternative Use

  Use

  Valuation

  Residential

  $293,824

  Hospitality

  $269,141

  Educational

  $223,922

  Medical

  $231,623

  Retail

  $348,323

Location Insight

City

Hemet

County

Riverside

State

California

Latitude

33.7482

Longitude

-116.979

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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