220 Stetson AveHemet, CA 92543

Property Details for 220 Stetson Ave

Year built

1776

Lot size

6.69 AC

Property type

Retail properties

Property subtype

Other retail properties

APN

446-290-018

APU

446290018

Description

This exceptional retail space, located at 220 E Stetson Ave in Hemet, California, offers 1,800 square feet of versatile commercial space. Situated in Riverside County, zip code 92543, this property presents a fantastic opportunity for businesses seeking high visibility and strong foot traffic. The space is part of a multi-tenant building, offering the benefit of shared amenities and a thriving commercial environment. This prime location boasts excellent proximity to established national brands, including CVS, Stater Bros, Pizza Hut, and Carl's Jr., ensuring high consumer traffic and brand recognition. The property is classified as street retail, providing direct street access and ample visibility for potential customers. The address is 220 E Stetson Ave, Hemet, CA 92543 (33.7303167, -116.9695928). Currently, one unit is available, making this an ideal opportunity for a single tenant seeking a well-positioned retail space in a bustling Hemet commercial area. The property type is retail, specifically street retail, offering a dynamic and accessible location for a variety of businesses. This is a multiple tenancy property. Serious inquiries are encouraged to explore this promising retail investment.

• CAP approach

  CAP return

  Valuation

  6%

  $117,736,568

  6.5%

  $108,679,904

  7%

  $100,917,056

• Comparable approach

  Method

  Valuation

  Relative Method

  $128,824,728

  Geo Method

  $258,475,616

• Alternative Use

  Use

  Valuation

  Residential

  $91,675,568

  Hospitality

  $83,974,328

  Educational

  $69,865,656

  Medical

  $72,268,440

  Retail

  $108,679,904

Location Insight

City

Hemet

County

Riverside

State

California

Latitude

33.7305

Longitude

-116.973

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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