561 N Palm, Hemet, CA 92543
- $619,900
- List Price
- $619,900
- Price Change
- ▼ $30,100 1780202938
- Status
- ACTIVE
- MLS#
- SW26011643
- Year Built
- 1980
- Lot Size
- 25,700
- Acres
- 0.59
- Lot Location
- Level, Paved, Rectangular Lot, Street Level
- Days on Market
- 193
- Property Type
- Commercial
- Property Sub Type
- Retail
Property Description
Excellent Opportunity for Owner-User or Investor! Well-located commercial property offering flexible use and strong income potential. The property features two separate buildings, each approximately 1,800 square feet, with individual entrances and fenced yard space, providing versatility for a variety of business operations. Situated on a generous 25,700-square-foot lot, the property includes large bay doors, ample on-site parking, 3-phase 440v electrical, and efficient layouts well-suited for light industrial, warehouse, contractor, or service-based uses. Both buildings are currently rented on a month-to-month basis, providing immediate income with an attractive 9.16% cap rate, property can be delivered vacant at close or tenants willing to sign long term lease. Ideal for an owner-user, expansion, or value-add repositioning strategy. This is a rare opportunity to acquire a flexible commercial asset with strong fundamentals, income stability, and long-term upside in a desirable location.
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Additional Information
- Taxes
- $7,540
- Heat
- None
- Exterior Construction
- Metal Siding
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 2
- Gross Scheduled Income
- $66,000
- Operating Expense
- 9570
Listing courtesy of Listing Agent: David Limon (dlimon@hipackinc.com) from Listing Office: Your Home Selling Pros.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.