1101-1107 W Florida Ave
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1101-1107 W Florida Ave
3,804 SF Retail Building Hemet, CA 92543 $699,900 ($184/SF) 3.41% Cap Rate
Investment Highlights
- Prime locations: Corner lot on one of Hemet's busiest streets.
- Key tenant is a bar/restaurant, ensuring steady traffic.
- Property size: 13,939 SF lot with a 3,804 SF single structure.
- Buyer to assume existing tenant currently on a month to month term. Tenant is unaware of sale, please do not disturb.
Executive Summary
Commercial lot spanning an impressive 13,939 SF featuring a 3,804 SF structure currently occupied by a restaurant/bar on a month to month term. The property can be divided into two leasable spaces on Hemet's busiest street.
Data Room Click Here to Access
- Offering Memorandum
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,804 SF
Building Class
B
Year Built
1963
Price
$699,900
Price Per SF
$184
Cap Rate
3.41%
NOI
$23,867
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.34 AC
Opportunity Zone
Yes
Zoning
C1 - Commercial Zone
Parking
20 Spaces (5.26 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
Walk Score®
Very Walkable (70)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 442-100-010 | Improvements Assessment | $373,168 |
| Land Assessment | $152,420 | Total Assessment | $525,588 |
PROPERTY TAXES
Parcel Number
442-100-010
Land Assessment
$152,420
Improvements Assessment
$373,168
Total Assessment
$525,588
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1101-1107 W Florida Ave
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