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1995 Florida AveHemet, CA 92544

Prime Hemet retail space, ground lease/sale.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
114
This ±3,775 square foot freestanding retail building in Hemet, California, presents a unique investment opportunity. Located at 1995 E Florida Ave, on a signalized intersection at the southwest corner of E. Florida Ave and Yale Street, this property boasts exceptional visibility to an estimated 26,688 cars per day. The building, currently vacant at 3,660 square feet, is suitable for a variety of retail uses, previously operating as a bank with a drive-thru. The property is available for either a ground lease or outright purchase. The strong demographics of the area support this opportunity, with a daytime population of 11,745 and an overall population of 66,446 within a 3-mile radius, boasting an average household income exceeding $82,200. This location benefits from its proximity to major retailers including Walmart Neighborhood Market, Stater Bros, Harbor Freight, Grocery Outlet, Planet Fitness, Starbucks, True Value, Taco Bell, and Rent-A-Center. For owner-users, Small Business Administration financing is available, with down payments as low as 10%. With a 10% down payment ($139,000), the estimated monthly loan payment is approximately $8,074, resulting in an estimated cost to occupy (and own) of roughly $1.61 per square foot per month. This represents a potentially significant cost savings compared to leasing, while also offering the benefit of asset appreciation. SBA financing allows for leasing up to 49% of the building, further reducing occupancy costs. This property is situated in Riverside County, CA, zip code 92544.

Property Details for 1995 Florida Ave

Property type
Retail properties, Drive through restaurants
RSF (Rentable sq. ft)
3,660 SF

Unit(s) available at that property

Space
Size
3,660 SF

Location Insight

City
Hemet
County
Riverside
State
California
Latitude
33.7473553
Longitude
-116.951437
1995 Florida Ave, Hemet, California

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Contacts

Albert Lopez
Albert Lopez
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1995 Florida Ave, Hemet, California, 92544

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

1995 Florida Ave
  • Albert Lopez
    Albert Lopez
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