600 E Mayberry Ave 5.49 Acres of Commercial Land Offered at $3,250,000 in Hemet, CA 92543

INVESTMENT HIGHLIGHTS

  • Large flat property
  • Multiple access on 4 streets
  • All utilities in place
  • Motivated sellers

EXECUTIVE SUMMARY

REDUCED! Unique opportunity to purchase 5.49 acres with in-place facilities in a desirable residential area of Hemet. Currently operating as a Church and Zoned S1, the site can utilize the benefits of California SB 4, enacted in 2023 that streamlines housing developments on certain properties and exempts them from environmental review. This applies to sites owned by either religious or educational institutions and must be 100% affordable housing. The law calls for the approval process to take place 90 days after application submission. Surrounded by R1 residential properties the site currently includes 5 buildings totaling 41,403 sf with parking for 223 vehicles and landscape improvements. The property has 296 feet of frontage to Buena Vista Street, 597 feet of frontage to Wesley Place, 230 feet of frontage to Thompson Street and 300 feet of frontage to East Mayberry Avenue with ingress and egress on all four streets surrounding the property. The site is mostly level and slightly above street grade. Existing improvements include planters, fountain, patios and concrete walkways and greenbelt with multiple structures.
The property remains an operating religious facility therefore all site tours must be coordinated through the listing agent in advance. There is no For Sale sign on the premises. Property is sold in As-Is condition. Visit www.600emayberryave.com

PROPERTY FACTS

Price $3,250,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units - Senior
Total Lot Size 5.49 AC
Opportunity Zone Yes

1 LOT AVAILABLE

Lot

Price $3,250,000
Price Per AC $591,985.43
Lot Size 5.49 AC

Existing Church on site.

PROPERTY TAXES

ZONING

Zoning Code S1 (Religious zoned Religious, City of Hemet may consider re-zoning.)
  • Listing ID: 32824208

  • Date on Market: 8/15/2024

  • Last Updated:

  • Address: 600 E Mayberry Ave, Hemet, CA 92543