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Listed by Kevin Struve • MARCUS & MILLICHAP
$ 800,000
Est. payment /mo
Active Under Contract
910 East Florida Avenue Hemet, CA 92543
UPDATED:
11/16/2024 03:53 AM
Key Details
Property Type Commercial
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID CV-24136463
Year Built 1980
Property Description
The 910 Building is located at 910 E. Florida Ave. in Hemet, CA. This well maintained, nine retail /office suite building has maintained a 95% or higher occupancy rate for over 30 years. Situated on a corner lot, the property has excellent street exposure on E. Florida Ave. with high traffic counts. In addition, there is a parking lot entrance/exit on E. Florida Ave and N. Santa Fe Street. There are a total of three single story buildings, with each building containing three suites. Each suite has their own restroom, individually metered for gas & electric, and has a central A/C rooftop unit for each office. All the suites are ? 500 SF, with long term tenants and on month-to-month leases. The 910 Building offers privacy gates for each building and a total of 17 open parking spaces, with 1 being handicap. The current rents are significantly below market and offers an investor an add-value opportunity with increasing rents to the market rate. As of 10/1/24, 3 brand new A/C units and the remaining 6 serviced.
Location
State CA
County Riverside
Interior
Cooling Central Air
Laundry None
Exterior
Utilities Available Sewer Connected, Electricity Connected, Natural Gas Connected
Building
Lot Description Corner Lot
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944