134 Harvard St Hemet, CA 92543-4234
- Retail space
- 8,400 SF
- 0.16 lot acres
Current Use by Public Records
- Harvard Street Music Exchange / Music Store / Guitar Instructor
- Harvard Street Recording Studios / Recording Studio
Property Details for 134 Harvard St
- Year built
- 1928
- Construction
- WOOD
- Lot size
- 0.16 lot acres
- Property size
- 8,400 SF
- Zone code
- C2
- Property type
- Retail space
- APN
- 443-282-011
- APU
- 443282011
Description
This thriving Hemet business opportunity presents a unique chance to acquire a well-established bar and grill with a rich 40-year history in the heart of historic downtown. The free-standing building boasts both indoor and outdoor seating, complemented by a complete outdoor BBQ pit, perfectly suited to the restaurant's BBQ specialty. The sale includes a full bar and all necessary liquor licenses, eliminating significant hurdles for a prospective owner. The restaurant enjoys a loyal customer base, built over four decades, and benefits from a lively atmosphere enhanced by regular live music performances. The property itself sits on a 0.16-acre lot, providing ample space for operations and potential expansion. Note that this sale is for the business only
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $500,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $550,000
- 6.5%
- $540,000
- 7%
- $490,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $445,000
- Geo Method
- $530,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $505,000
- Retail
- $440,000
- Mixed-Use
- $465,000
- Hospitality
- $565,000
- Educational
- $540,000
- Residential Income
- $480,000
- Energy
- $525,000
- Income-Based Land
- $605,000
- Food Service
- $570,000
Location Insight
- Map
- Local Demand
- City
- Hemet
- County
- Riverside
- State
- California
- Longitude
- -116.97
- Latitude
- 33.7465
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
