2920 Florida AveHemet, CA 92544

Property Details for 2920 Florida Ave

Year built

2007

Construction

WOOD

Lot size

1.04 AC

Property size (Sq ft)

15,250 SF

Property type

Retail properties

Property subtype

Strip malls

APN

438-191-032

APU

438191032

Description

This exceptional 2,094-square-foot retail space, located at 2920 E Florida Ave, Hemet, CA 92544, is part of a thriving 15,250-square-foot multi-tenant building. Situated on a high-traffic corner at the intersection of East Florida Avenue and Cornell Street, this end-cap unit (Units 112/113) benefits from approximately 25,000 average daily vehicles passing by. The property, zoned Commercial General, is in the Hemet/San Jacinto submarket of the Inland Empire East, offering immediate occupancy. Previously used as a meat market and dance studio, the space features a wide-open floor plan, a private office, and a restroom. This thirteen-unit building boasts a diverse tenant mix, making it an ideal location for a variety of businesses. The property's high visibility and convenient location within a busy commercial area present a significant opportunity for growth and success. This is a prime opportunity to establish a business in a high-traffic area with excellent visibility and a strong tenant base.

• CAP approach

  CAP return

  Valuation

  6%

  $6,161,236

  6.5%

  $5,687,294

  7%

  $5,281,059

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,741,486

  Geo Method

  $13,526,207

• Alternative Use

  Use

  Valuation

  Residential

  $4,797,446

  Hospitality

  $4,394,434

  Educational

  $3,656,118

  Medical

  $3,781,857

  Retail

  $5,687,294

Location Insight

City

Hemet

County

Riverside

State

California

Latitude

33.7482

Longitude

-116.941

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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