- For Sale $1,390,000
- Property Type Retail - Freestanding
- Property Size 3,660 SF
- Lot Size 0.45 Acre
- Year Built 1986
- Date Updated Mar 26, 2024
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Attachments
Highlights
- Opportunity to either lease the existing former bank which is ±3,775 SF or ground lease the parcel and replace the existing building.
- Prime positioning on E Florida Ave a major retail corridor that leads to the 215 FWY
- Located on the SWC of E. Florida Ave and Yale Street with visibility to ±26,688 / CPD
- Within a 3-mile radius, demographics show a daytime population of 11,745 and an overall population of 66,446 with an average household income in excess of $82,200.
- Surrounding national tenant mix includes Walmart Neighborhood Market, Stater Bros, Harbor Freight, Grocery Outlet, Planet Fitness, Starbucks, True Value, Taco Bell, Rent-A-Center and more
- Purchase financing is available to owner-users through the Small Business Administration. Down payments are as little as 10%.
- If purchased with 10% down ($139,000), the monthly loan payment is estimated at $8,074/month.
- After removing principal paydown and accounting for only the interest portion of the monthly loan payment, the cost to occupy (and own) this building is approximately $1.61/SF/month - far less than the cost of leasing.
- As an owner, one can benefit from the potential appreciation of the asset.
- SBA financing allows for buyers to lease up to 49% of their building, creating the opportunity to further reduce occupancy costs.
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Contacts
Albert Lopez
Progressive Real Estate Partners
(909) 230-4500
Location
Getting Around
-
Walk Score ®
Very Walkable (72) -
Bike Score ®
Bikeable (61)
- City Hemet, CA
- Zip Code 92544
- Market Inland Empire
Points of Interest
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USA Gasoline
0.11 miles
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7-Eleven
0.40 miles
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76
0.90 miles
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Exxon
1.07 miles
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Super 8
1.15 miles
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7-Eleven
1.32 miles
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Arco
1.37 miles
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Mobil
1.68 miles
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Chevron
1.73 miles
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Arco
1.88 miles
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San Jacinto Assembly Of God Park And Ride
2.83 miles
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School Parking
3.28 miles
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Lot C
4.12 miles
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Staff Parking
4.22 miles
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Lot B
4.29 miles
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Lot E
4.34 miles
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Lot D
4.37 miles
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The Cove Model Home Parking
5.78 miles
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Papa John's
0.14 miles
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Jack in the Box
0.23 miles
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Del Taco
1.19 miles
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El Pollo Loco
1.41 miles
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Wendy's
1.46 miles
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Quiznos
1.49 miles
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Angie's Diner
2.23 miles
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Chili's
2.43 miles
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Polly's Pies
2.54 miles
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McDonald's
2.58 miles
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Walmart Supercenter
1.46 miles
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Stater Bros.
1.57 miles
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ALDI
1.60 miles
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Walmart Neighborhood Market
1.63 miles
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Stater Bros.
1.74 miles
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JCPenney
2.49 miles
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Burlington
2.49 miles
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Sears
2.50 miles
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Sprouts Farmers Market
2.51 miles
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Hemet Valley Mall
2.54 miles
Contact Listing Broker
Albert Lopez
Progressive Real Estate Partners
(909) 230-4500