2275 Florida AveHemet, CA 92544
- Retail properties
- 20,800 SF
Property Details for 2275 Florida Ave
- Year built
- 1974
- Construction
- TILT-UP CONCRETE
- Lot size
- 1.47 AC
- Property size (Sq ft)
- 20,800 SF
- Zone code
- C1
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 445-290-025
- APU
- 445290025
Description
This exceptional 20,800-square-foot retail building is situated on a 1.47-acre lot at 2275 E Florida Ave in Hemet, California, zip code 92544. Currently vacant, the entire space is available for lease or sale to a single tenant. The property is part of a larger community center, benefiting from high visibility and traffic on busy Florida Avenue. Ample parking is provided for customers and employees. The building's size and location make it ideal for a variety of retail uses, including but not limited to furniture stores, grocery stores, discount stores, outlet stores, and pharmacies. The property offers significant potential for a business seeking a large, high-traffic retail space in a growing community. The building's total square footage is 20,800 square feet, all of which is currently vacant, presenting a unique opportunity for a single tenant to establish a substantial presence in Hemet. This property is an excellent investment opportunity for a business looking to expand or establish itself in a desirable location. The address is easily accessible and highly visible, ensuring maximum exposure for any tenant.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $8,403,521
- 6.5%
- $7,757,096
- 7%
- $7,203,018
-
Comparable approach
- Method
- Valuation
- Relative Method
- $9,194,946
- Geo Method
- $18,448,860
-
Alternative Use
- Use
- Valuation
- Residential
- $6,543,401
- Hospitality
- $5,993,720
- Educational
- $4,986,705
- Medical
- $5,158,206
- Retail
- $7,757,096
Location Insight
- City
- Hemet
- County
- Riverside
- State
- California
- Latitude
- 33.7467
- Longitude
- -116.948
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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