State Street Flex - Value Add Opportunity

For Sale

980-1000 N State Street, Hemet, CA 92543

This Hemet property for sale is located at 980-1000 N State Street. The current listed sale price for State Street Flex - Value Add Opportunity is $4,960,000.

Contacts

broker
Greg Bedell, CCIM

Progressive Real Estate Partners

Property Details

  • Property Type Retail - Strip
  • Property Size 89,375 SF
  • Date Updated Jan 6, 2025
Multiple Paths to Create Value: Including the lease-up of the existing 49% of vacant space, development or sale of the additional 1.55 acres of land (which is included in the sale and already separately parceled), or piecing off individual portions of the property and selling them separately at a higher price per square foot.State Street Flex - Value Add Opportunity
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Highlights

  • Textbook Value-Add Opportunity: With a current occupancy of 51% and low in-place rents averaging $0.92/SF gross, the asset features significant room for increased NOI and value creation.

Getting around

  • 40/100

    Walk Score ®

  • 44/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Hemet, CA
  • Zip Code 92543
  • Market Inland Empire

Points of Interest

  • Arco

    0.39 miles

  • Super 8

    0.97 miles

  • 76

    1.15 miles

  • Exxon

    1.17 miles

  • Mobil

    1.27 miles

  • 7-Eleven

    1.31 miles

  • Fastrip

    1.35 miles

  • ARCO

    1.38 miles

  • Shell

    1.53 miles

  • USA Gasoline

    1.67 miles

  • San Jacinto Assembly Of God Park And Ride

    1.72 miles

  • Lot C

    2.90 miles

  • Staff Parking

    2.94 miles

  • Lot B

    3.05 miles

  • Lot E

    3.11 miles

  • Lot D

    3.11 miles

  • East Marina Diamond Valley Lake

    4.49 miles

  • School Parking

    4.64 miles

  • El Pollo Loco

    0.76 miles

  • Wendy's

    0.78 miles

  • Quiznos

    0.79 miles

  • McDonald's

    0.92 miles

  • J&J's Diner

    1.17 miles

  • Jack in the Box

    1.44 miles

  • Angie's Diner

    1.56 miles

  • Chili's

    1.71 miles

  • Papa John's

    1.72 miles

  • Polly's Pies

    1.80 miles

  • ALDI

    0.89 miles

  • Walmart Supercenter

    0.93 miles

  • Stater Bros.

    1.01 miles

  • Walmart Neighborhood Market

    1.35 miles

  • Sears

    1.69 miles

  • JCPenney

    1.71 miles

  • Hemet Valley Mall

    1.75 miles

  • Burlington

    1.84 miles

  • Sprouts Farmers Market

    1.86 miles

  • Stater Bros. Markets

    2.34 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Greg Bedell, CCIM

Progressive Real Estate Partners

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