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1295 S State St, Hemet, CA 92543
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1295 S State St Hemet, CA 92543

$2,490,000
  • -- Beds
  • -- Baths
  • 25,861 Sq.Ft.
For Sale
$2,490,000 Get Pre-Qualified
Map preview of 1295 S State St, Hemet, CA 92543

Property Overview: 1295 S State St Hemet, CA has -- bedrooms, -- bathrooms, 25,861 living square feet and 102,802 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Discover an exceptional investment opportunity in the heart of Diamond Valley Shopping Center with this fully leased retail space offering an attractive 5% cap rate. Situated in a prime location in the southern part of Hemet, this property enjoys proximity to an array of amenities including popular restaurants, modern fitness centers, cozy cafes, and reliable banks, ensuring high foot traffic and visibility. Ideal for discerning investors seeking a strategically positioned asset, this retail space is just a short drive from I-74, providing easy access and convenience. Whether you're looking to expand your portfolio or seeking a promising investment in a thriving community, this offering represents a superb choice.

Listed by Henry Liu | BRE #01378289 | CBD Investment Inc.
Last checked: 15 minutes ago | Last updated: April 6th, 2024 | Source CRMLS | DOM: 865
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Home details

Lot Sq. Ft
102,802
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Retail
Status
Active
MLS#
AR21238032
City
Hemet
County
Riverside
Time on Site
869 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1295 S State St

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 451062039
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: S State street
View more facts & features

Local Hemet Agent

Sale History for 1295 S State St

Last sold for $1,218,500 on April 19th, 2021

  • December, 2021

  • Dec 1, 2021

    Date

    Active

    CRMLS: AR21238032

    $2,380,000

    Price

  • May, 2021

  • May 8, 2021

    Date

    Active

    CRMLS: AR21098612

    $16,809

    Price

  • Listing provided courtesy of CRMLS

    Owner will renovate the space for Tenant !! Possible for medical use !Great location With your Own Sign beside the street! The property is located at Diamond Valley Shopping Center, which is the only shopping center at the south of Hemet. Banks, fitness, restaurants, and also DMV are nearby. There are plenty of Parking Spaces in front of the property. The Zoning of the property is C-2,General Commercial . 25,861 SF building stands on 2.36 AC land. Owner will renovate the building suits the Tenant's Business, Property offers many type of uses potential allow with CUP for Professional office, Medical office, Training school, After school facility, Super Market, Convenient Store, Church Facilities ...

  • April, 2021

  • Apr 30, 2021

    Date

    Sold

    CRMLS: AR19233037

    $1,218,500

    Price

  • Oct 16, 2020

    Date

    Price Change

    CRMLS: AR19233037

    $1,500,000

    Price

  • Aug 18, 2020

    Date

    Price Change

    CRMLS: AR19233037

    $1,690,000

    Price

  • Jan 28, 2020

    Date

    Price Change

    CRMLS: AR19233037

    $1,800,000

    Price

  • Oct 8, 2019

    Date

    Active

    CRMLS: AR19233037

    $1,968,800

    Price

  • Listing provided courtesy of CRMLS

    Great location! The property is located at Diamond Valley Shopping Center, which is the only shopping center at the south of Hemet. Banks, fitness, restaurants, and also DMV are nearby. There are plenty of Parking Spaces in front of the property. The Zoning of the property is C2. 25,861 SF building stands on 2.36 AC land. Only $1,500,000. Don't miss it.

  • November, 2020

  • Nov 10, 2020

    Date

    Price Change

    CRMLS: AR19249978

    $15,517

    Price

  • Jan 28, 2020

    Date

    Price Change

    CRMLS: AR19249978

    $9,060

    Price

  • Oct 25, 2019

    Date

    Active

    CRMLS: AR19249978

    $12,930

    Price

  • Listing provided courtesy of CRMLS

    Owner will renovate the space for Tenant !! Great location With your Own Sign beside the street !Plus First Month free rent and $0.6 /Sqft/month +$0.1 NNN in the first two years. The property is located at Diamond Valley Shopping Center, which is the only shopping center at the south of Hemet. Banks, fitness, restaurants, and also DMV are nearby. There are plenty of Parking Spaces in front of the property. The Zoning of the property is C-2,General Commercial . 25,861 SF building stands on 2.36 AC land. Owner will renovate the building suits the Tenant's Business, Property offers many type of uses potential allow with CUP for Professional office, Medical office, Training school, After school facility, Super Market, Convenient Store, Church Facilities ...

  • August, 2019

  • Aug 7, 2019

    Date

    Canceled

    CRMLS: WS19128357

    $1,990,000

    Price

  • Jun 1, 2019

    Date

    Active

    CRMLS: WS19128357

    $1,990,000

    Price

  • Listing provided courtesy of CRMLS

    Location location location! Do not miss this opportunity to own a building in Diamond Valley Shopping Center. The Fitness is on your right .DMV is directly across the street.These are Starbucks, Wells Fargo,Chinese Food ,Subway on the corner of intersection.And many other well known Business around the building .The building is 25861Sqft and has 2 loading/Unloading Docs,2 Refrigerators,1 Freezer,and 2.36 Acres of parking for your business.If you think the parking is not enough , There is lots of choose to park on additional over 5 Acres nearby. Must see today!

  • June, 2019

  • Jun 1, 2019

    Date

    Expired

    CRMLS: TR18271638

    $1,990,000

    Price

  • Nov 13, 2018

    Date

    Active

    CRMLS: TR18271638

    $1,990,000

    Price

  • Listing provided courtesy of CRMLS

    Location location location! Do not miss this opportunity to own a building in Diamond Valley Shopping Center. The Fitness is on your right .DMV is directly across the street.These are Starbucks, Wells Fargo,Chinese Food ,Subway on the corner of intersection.And many other well known Business around the building .The building is 25861Sqft and has 2 loading/Unloading Docs,2 Refrigerators,1 Freezer,and 2.36 Acres of parking for your business.If you think the parking is not enough , There is lots of choose to park on additional over 5 Acres nearby. Must see today!

  • October, 2018

  • Oct 9, 2018

    Date

    Canceled

    CRMLS: AR18122283

    --

    Price

  • May 23, 2018

    Date

    Active

    CRMLS: AR18122283

    --

    Price

  • Listing provided courtesy of CRMLS

    This is a rare opportunity to occupy a building that is just under 26,000 Sqft and stands directly across the street from the DMV. Located on the southwest corner of an intersection that already has a Starbucks, Carls Jr, a Wells Fargo, and many other well known establishments, this building has 2 Refrigerators, 1 Freezer, 2 Loading/Unloading Docs, and over 2 Acres of parking for your customers. If that is not enough, your customers may choose to park in any of the other spaces located on the additional 5+ Acres of parking lot. Take advantage of this Beautiful opportunity today.

  • October, 2018

  • Oct 9, 2018

    Date

    Canceled

    CRMLS: AR18122298

    $1,999,999

    Price

  • May 23, 2018

    Date

    Active

    CRMLS: AR18122298

    $1,999,999

    Price

  • Listing provided courtesy of CRMLS

    This is a rare opportunity to own a building that is just under 26,000 Sqft and stands directly across the street from the DMV. Located on the southwest corner of an intersection that already has a Starbucks, Carls Jr, a Wells Fargo, and many other well known establishments, this building has 2 Refrigerators, 1 Freezer, 2 Loading/Unloading Docs, and over 2 Acres of parking for your customers. If that is not enough, your customers may choose to park in any of the other spaces located on the additional 5+ Acres of parking lot. Take advantage of this beautiful opportunity today.

  • May, 2018

  • May 22, 2018

    Date

    Active

    CRMLS: AR18120559

    --

    Price

  • Listing provided courtesy of CRMLS

    LOCATION!! Well established retail building that boasts a 102,802 lot. Sitting right next to Crunch Fitness and Chevron gas station, this property is surely a success! Great access, high visibility, and ample parking, what more do you need?? Seller is extremely motivated!

  • May, 2018

  • May 22, 2018

    Date

    Active

    CRMLS: AR18120538

    $1,999,999

    Price

  • Listing provided courtesy of CRMLS

    LOCATION! LOCATION! Sitting right next door to Crunch Fitness and Chevron gas station, this one of a kind supermarket retail building is sure to be a success. This property boasts a 25,861 sqft retail building that sits on a 102,802 sqft lot! Great access, visibility, ample parking, what more are you looking for?? Seller is extremely motivated!

  • May, 2018

  • May 22, 2018

    Date

    Expired

    CRMLS: AR17229804

    --

    Price

  • Oct 6, 2017

    Date

    Active

    CRMLS: AR17229804

    --

    Price

  • Listing provided courtesy of CRMLS

    Outstanding supermarket retail building! This location is well established and boasts 25,861 sqft retail building on a 102,802 sqft. lot located on a very busy part of Hemet, on the corner of S. State Street and W. Stetson Ave. Not only is it right next door to Crunch Fitness and Chevron gas station, but it sees a ton of foot traffic due the Starbucks, Subway, Carl's Jr, DMV, Wells Fargo, and many more well known businesses that sit directly across the street. This property also has great access and visibility with ample parking in an area that is densely populated.

  • May, 2018

  • May 22, 2018

    Date

    Expired

    CRMLS: AR17226825

    $1,999,999

    Price

  • Oct 3, 2017

    Date

    Active

    CRMLS: AR17226825

    $1,999,999

    Price

  • Listing provided courtesy of CRMLS

    Outstanding supermarket retail building! This location is well established and boasts 25,861 sqft retail building on a 102,802 sqft. lot located on a very busy part of Hemet, on the corner of S. State Street and W. Stetson Ave. Not only is it right next door to Crunch Fitness and Chevron gas station, but it sees a ton of foot traffic due the Starbucks, Subway, Carl's Jr, DMV, Wells Fargo, and many more well known businesses that sit directly across the street. This property also has great access and visibility with ample parking in an area that is densely populated. Seller is extremely motivated!!

  • June, 2016

  • Jun 8, 2016

    Date

    Sold (Public Records)

    Public Records

    $2,000,000

    Price

Show More

Tax History for 1295 S State St

Assessed Value (2020): $2,164,862
Year Land Value Improved Value Assessed Value
2020 $889,758 $1,275,104 $2,164,862

Home Value Compared to the Market

This property vs the competition

1295 S State St is listed 453.33% higher than the median list price for the city of Hemet which has a median list price of $450,000. The median price per/sqft for Hemet is $265 and this home is listed at $96.28 per/sqft which puts the price per square foot 63.67% lower than the median price per square foot for the city of Hemet.

About 1295 S State St

Detailed summary of property

1295 S State St is a retail located in Hemet, CA 92543 and is currently for sale. This retail property offers -- bedrooms, -- bathrooms, roughly 25,861 living square feet, and sits on an approximately 102,802 square foot lot. 1295 S State St was first listed on ArdentRealEstateGroup.com on December 1, 2021. The homeowner is currently asking $2,490,000 and was originally asking $2,380,000. The median priced home in Hemet is $450,000 with a median price per square foot of $265. Based on Ardent Real Estate Group's Hemet Market Data, this home is listed 453.33% higher than the median priced home. Local competing homes currently for sale include 14316 Amar Rd, 4729 Whittier Blvd and 5321 Long Beach Blvd. While the average home in Hemet, CA is selling in 82 days, 1295 S State St has a days on market of 865 days. There are currently 396 homes for sale in the Hemet real estate market and 379 of them are single family homes while 17 of them are condos and 0 are townhomes. For more information on this home for sale at 1295 S State St Hemet, CA 92543 contact Ardent Real Estate Group and we will put you in touch with one of our Hemet agents.

Public Facts for 1295 S State St

Public county record property details
Beds
--
Baths
--
Year built
1973
Sq. Ft.
--
Lot Size
102,801
Stories
1
Type
Commercial (General)
Pool
No
Spa
No
County
Riverside
Lot#
4
APN
451-062-039

The source for these homes facts are from public records.

92543 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$449,900
Median List Price/Sq.Ft.
$277
Median Sold Price
$439,000
Median Sold Price/Sq.Ft.
$279
Total Inventory
111
Median Sale to List Price %
97.56%
Avg Days on Market
46
Loan Type
Conventional (33.33%), FHA (48.48%), VA (3.03%), Cash (12.12%), Other (3.03%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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