2750 Devonshire Ave Hemet, CA 92545

This exceptional 1.86-acre corner lot at 2750 Devonshire Avenue, Hemet, CA, presents a unique investment opportunity. The property includes a well-established nursery, operating since 2003, with a current Conditional Use Permit (CUP). The existing single-family residence, built in 1963, boasts 3 bedrooms, 2 bathrooms, and over 2883 square feet of living space, currently occupied by a tenant. The property benefits from both a working well and city water access. The land is zoned R3, allowing for high-density residential development (HDR), with a potential for up to 55 multi-family units (apartments or condominiums), based on the zoning's 18.1-30 dwelling units per acre allowance. The real estate is priced at $1,350,000, while the business opportunity is listed at $400,000. The Hemet San Jacinto Valley boasts a population of approximately 167,614 residents and city revenues exceeding $110,172,135, indicating a strong local economy. Detailed financial information for the nursery is available upon request. Please do not disturb the employees on-site.