42021 Florida Ave - Storefront FOR SALE


Hemet, CA 92544- Outer San Jacinto
$1,800,000 USD
213-943-1800
42021 Florida Ave, Hemet, CA for Sale
$1,800,000 USD
Storefront - FOR SALE
1/6
null | Request Cap Rate

NEW


42021 Florida Ave
Hemet, CA 92544
Outer San Jacinto


HIGHLIGHTS

  • • Priced Well Below Replacement Cost | Rare opportunity to acquire a newer-generation retail asset at an attractive basis
  • • Seller Financing Available | Flexible terms available for qualified buyers
  • • 17,340 SF Building on ±1.55 Acres | Infill value-add, redevelopment, or owner-user opportunity
  • • Signalized Hard Corner | 29,000+ VPD with exceptional visibility, access, and signage exposure
  • • Existing Drive-Thru & 87 Parking Spaces | Functional infrastructure reduces redevelopment costs
  • • Premier Retail Corridor Location | Surrounded by Target, Home Depot, Lowe's, Sprouts, Ross & more

OVERVIEW

42021 East Florida Avenue presents a rare infill investment, owner-user, and redevelopment opportunity featuring a former Rite Aid building totaling approximately 17,340 square feet on 1.55 acres (67,518 square feet). Offered well below replacement cost, the property provides a compelling basis for investors, developers, and owner-users seeking value creation through repositioning, redevelopment, or occupancy. Attractive seller financing is available for qualified purchasers, creating additional acquisition flexibility and enhanced return potential. Constructed in 2008, the property benefits from a highly visible signalized hard corner location at East Florida Avenue and South Meridian Street, with traffic counts exceeding 29,000 vehicles per day. The building features prominent signage opportunities, a functional drive-thru, grade-level loading, 14'-19' ceiling heights, and 87 parking stalls, making it suitable for a wide variety of retail, medical, service, entertainment, and owner-user uses. Situated within Hemet's dominant retail corridor, the property is surrounded by more than 2.2 million square feet of national and regional retail, including Target, Home Depot, Lowe's, WinCo, Sprouts, Stater Bros., Ross, Marshalls, ULTA, Hobby Lobby, and JCPenney. Strong demographics further support the location, with approximately 159,129 residents within a five-mile radius. This is a unique opportunity to acquire a strategically located infill asset with multiple exit strategies, below-replacement-cost pricing, seller financing, and significant long-term upside.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$104 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Supermarket, Medical, Department Store

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

Ivan ProchkoMarcus & MillichapMore Info
213-943-1800

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Ivan ProchkoMarcus & MillichapMore Info
213-943-1800

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