445 Menlo AveHemet, CA 92543

Property Details for 445 Menlo Ave

Year built

1976

Construction

WOOD

Lot size

0.50 AC

Property size (Sq ft)

12,000 SF

Zone code

M1

Property type

Industrial properties

Property subtype

Manufacturing properties

APN

443-070-010

APU

443070010

Description

This single-tenant industrial warehouse, located at 445 E Menlo Ave, Hemet, CA 92543, offers 12,000 square feet of space at $110 per square foot, totaling $2,196,000. Built in 1982 and extensively renovated in 2021, this Class B property boasts a range of desirable features. Improvements include new siding, security fencing, flooring, and restrooms. The warehouse features a secure yard, two 12' x 14' ground-level doors, and impressive 18' to 20' clear ceiling height. Power is provided by a 400-amp, 3-phase electrical system, and gas service is available on-site. The property is zoned M-1, offering flexibility for various uses. Currently occupied by a tenant who plans to consolidate operations in the spring, this presents a unique opportunity for a buyer with a flexible escrow timeline. The building's history includes successful use as both a manufacturing center and a distribution facility, highlighting its versatility. This property is a prime investment opportunity in the Southwest Riverside County market. The single-story building offers a functional layout suitable for a variety of industrial uses. Its location in Hemet provides convenient access to major transportation routes.

• Alternative Use

  Use

  Valuation

  Residential

  $3,775,039

  Hospitality

  $3,457,916

  Educational

  $2,876,945

  Medical

  $2,975,888

  Retail

  $4,475,248

Location Insight

City

Hemet

County

Riverside

State

California

Latitude

33.7581

Longitude

-116.968

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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