410 State StHemet, CA 92543

  • Warehouses
  • 0.56 AC
For Sale
$2,375,000 View listing

Property Details for 410 State St

Lot size
0.56 AC
Zone code
CM
Property type
Warehouses
APN
443-131-004
APU
443131004

Description

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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$12,065
$233,366
$817,090
$1,050,456
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