2093 Florida Ave, Hemet, CA 92544
28,017 SF | Retail Building | Hemet, CA 92544 | $5,100,000 ($182/SF)
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $5,100,000
- Property Type
-
Retail
- Square Feet
- 28,017 SF
- Price / Square Foot
- $182
Listing Contacts
John Read
Verified Profile
David Swerdlow
Verified Profile
- Property Info
Property Overview
* Highly-Functional Real Estate – Approximately 28,017 SF of retail space currently demised into 2 spaces (±26,000 SF and ±2,000 SF) and situated on 2.11 acres within Hemet Plaza, with 5 points of ingress/egress and ample parking
* High-Traffic, Signalized Intersection – Florida Ave is THE retail corridor in the trade area – the property and its access are optimally positioned at the signalized intersection of Florida Ave and Yale St with exposure to 36,000+ cars per day
* Established Neighborhood Center – Hemet Plaza is a key shopping center with over 90,000 SF of GLA and tenants including True Value Hardware, Taco Bell, USPS and more, and a major point of destination for the over 179,000 residents that live within 5 miles, accumulating over 300,000 visits per year
* Own Vs. Lease in the Inland Empire – Purchase as an owner-user and take advantage of favorable low down payment SBA financing, the after-tax benefits of ownership, and equity appreciation
* Lease It Up – Purchase as an investor and capitalize on the high traffic, infill Riverside County location by leasing the property
* Existing Income – A tenant has occupied ±2,000 SF since 2004 and is currently on a month-to-month gross lease, providing carry income while the property is repositioned for occupancy
* Well Below Replacement Cost – At the list price, the property will trade at a deep discount to its land inclusive replacement cost
* High-Traffic, Signalized Intersection – Florida Ave is THE retail corridor in the trade area – the property and its access are optimally positioned at the signalized intersection of Florida Ave and Yale St with exposure to 36,000+ cars per day
* Established Neighborhood Center – Hemet Plaza is a key shopping center with over 90,000 SF of GLA and tenants including True Value Hardware, Taco Bell, USPS and more, and a major point of destination for the over 179,000 residents that live within 5 miles, accumulating over 300,000 visits per year
* Own Vs. Lease in the Inland Empire – Purchase as an owner-user and take advantage of favorable low down payment SBA financing, the after-tax benefits of ownership, and equity appreciation
* Lease It Up – Purchase as an investor and capitalize on the high traffic, infill Riverside County location by leasing the property
* Existing Income – A tenant has occupied ±2,000 SF since 2004 and is currently on a month-to-month gross lease, providing carry income while the property is repositioned for occupancy
* Well Below Replacement Cost – At the list price, the property will trade at a deep discount to its land inclusive replacement cost
Property Details
- Class
- C
- Year Built
- 1984
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 91,912 SF
Highlights
- High-Traffic, Signalized Intersection
- Established Neighborhood Center
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