2087-2093 E Florida Ave

This retail property at 2087-2093 E Florida Ave in Hemet, CA presents a value-add investment opportunity with 28,017 square feet of gross leasable area on a 2.11-acre parcel. Built in 1984, the asset is currently vacant, offering 7% occupancy and the potential for a complete lease-up strategy. Positioned along a high-traffic corridor with 735 feet of frontage and a traffic count of 27,500 vehicles daily, the site benefits from strong visibility and accessibility within the Hemet submarket. The property is priced at $750,000 as a starting bid for auction, equating to $27 per square foot, presenting a competitive basis for investors to reposition and stabilize the asset.

As a blank slate, this retail center provides the flexibility to attract tenants at market rents and capitalize on absorption opportunities in a growing area. The site includes ample acreage for parking or future development enhancements, with favorable demographics and proximity to major retail drivers in the market. With no current lease rollover concerns and full availability, this asset allows for immediate execution of a value-add business plan to unlock income potential.