This exceptional 10,000-square-foot warehouse, situated on a 1.36-acre lot in Hemet, California, presents a unique investment opportunity. Built in 1960, this single-story building boasts 28-foot ceilings, one loading dock with a dock-high door, and ample parking both in front and rear. The property includes two units and is currently 100% occupied, with the lease expiring November 21, 2024. The interior features a fully sprinklered system and movable concrete fencing. Office space is available in both the front and rear of the building, with a private bathroom in the rear office. The property is fully fenced and includes an automatic entry gate. Located in a transit-oriented district (DSP zoning), this site is ideally positioned within the City of Hemet's planned Metro-Transit hub, envisioned to include commercial and multi-family developments. The property's three combined parcels (APN: 443-131-004, 005, 006) offer significant potential for future expansion or redevelopment. The asking price is $2,375,000, translating to $237.50 per square foot. This well-known building, one of the area's first concrete tilt-up structures, is particularly well-suited for a brewery, given its size, features, and prime location.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$7,673,711
Hospitality
$7,029,078
Educational
$5,848,110
Medical
$6,049,236
Retail
$9,097,060
Location Insight
City
Hemet
County
Riverside
State
California
Latitude
33.7534
Longitude
-116.971
CBSA code
40140
CBSA name
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
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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.
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