42021 Florida Ave - Storefront FOR SALE


Hemet, CA 92544- Outer San Jacinto
$3,500,000 USD
818-823-0832
42021 Florida Ave, Hemet, CA for Sale
$3,500,000 USD
Storefront - FOR SALE
1/6
null | Request Cap Rate

42021 Florida Ave
Hemet, CA 92544
Outer San Jacinto


HIGHLIGHTS

  • Significant Infill Value-Add Opportunity Through Repositioning or Redevelopment
  • Valued for Sale at Well Below Replacement Cost
  • Excellent Positioning With Clear Sight to Both Sides of Building For Signage
  • Ceiling Height Approximately 14’ to 19’
  • Signalized Hard Corner Location at the Bustling Intersection of Florida Ave. and South Meridian Ave., Which Sees Over 29,000 Cars Per Day
  • Generous Parking Ratio of 5.04:1000 SF with a Total of 87 Parking Stalls

OVERVIEW

PROPERTY HIGHLIGHTS – 42021 East Florida Avenue, Hemet, CA • ±17,340 SF former Rite Aid on ±1.55 acres (±67,518 SF lot) • Available for sale below replacement cost or lease at market rates • Built in 2008 – modern, well-maintained structure • Ideal for value-add, repositioning, or redevelopment BUILDING FEATURES • Excellent visibility with signage on both building sides and monument sign • Interior ceiling heights: 14–19 feet • Functional drive-thru and rear ground-level loading area • Flexible open layout suitable for multiple uses ACCESS & PARKING • Located at signalized hard corner of Florida Ave & S. Meridian St. • High traffic intersection: 29,000+ cars per day • Easy access via two-way curb cuts before intersection • Generous parking ratio: 5.04 spaces/1,000 SF (87 stalls) • Secured trash enclosures onsite RETAIL LOCATION ADVANTAGE • Located in Hemet’s top retail corridor • Surrounded by over 2.2M SF of national and regional tenants within 2 miles • Nearby anchors include: Target, Home Depot, Lowes, Winco, JCPenney, Hobby Lobby, Smart & Final, Grocery Outlet, Sprouts, Stater Bros, Ross, Joann, Marshalls, Regal, ULTA, Harbor Freight Tools AREA DEMOGRAPHICS • Hemet is in the San Jacinto Valley (Riverside County) • Diverse working-class population with strong retail demand • 5-mile radius population: 159,469 • Avg. household income: $76,369 • Age distribution: o 18.1% seniors (65+) o 29.2% under 20 years old • Key spending categories: housing, transportation, food, personal insurance/pensions

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$203 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Vacant Rite Aid Attractive $/ PSF Owner-User

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Drug Store, Freestanding, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

87

LAND DETAILS

LAND ACRES

1.55 AC

LAND SF

67,518 SF

ZONING

C3

APN/PARCEL ID

551-210-040

ASK ABOUT THIS PROPERTY

Ara RostamianMarcus & MillichapMore Info
818-823-0832

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Ara RostamianMarcus & MillichapMore Info
818-823-0832

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.