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South State Street - Lender Owned - 18.8 Acres Land, Hemet, CA

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South State Street - Lender Owned - 18.8 Acres Land

Hemet, CA 92543 - South Riverside Submarket

Property Type:Land Parcel Size:18.8 Acres
For Sale Price:$325,000 Price/Acre:$17,287 Price/SF:$0.40

Proposed Use:Hold for Development, Hold for Investment, Single Family Development

On-Site Improv:Raw land

Currently zoned for heavy agriculture, but land had been cleared and graded of any ag uses and current owner plans to just hold onto the land and sell for potential development in the future.

Sale Notes:
Tierra West Commercial is pleased to offer this Lender Owned 18.8 Acre Vacant Land Parcel situated in Hemet's Diamond Valley less than one mile from Diamond Valley Lake, a World Class Fishery and the Jewel of California Lakes, offering a Marina, Valley-Wide Recreation Community Park and Regional Aquatic Center, The Western Science Center and Multi-Use Trails for Hiking, Bicycling and Outstanding Views.

The City General Plan Land Use Designation for this Property is (LDR) allowing up to 5.0 Dwelling Units Per Acre. The current Zoning A-10 is slated to be changed by the City of Hemet to R-1-10 (10,000 SF Min Lot Size). A potential change in Zoning to R-1-6 matching the adjacent parcel could allow an increase in density. Buyer to verify City Zoning/General Plan will allow Buyer's intended Use.

The subject Property is located on the east-side of South State Street (at Heshmet Street), less than one mile south of the State/Stetson Commercial Intersection incorporating 3 Neighborhood Shopping Centers, and less than one-half mile north of the Domenigoni Parkway which is a Major Arterial 6-D Roadway extending west into the City of Menifee and Newport Road/Interstate 215 Interchange, offering a convenient access into Hemet and easy commute from Hemet to major job centers in western Riverside County. The property is accessed from State Street, a Main 5-Lane Hemet Roadway.

Tierra West Commercial
Don Bender
(951) 929-1000

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