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29394470
29394471

44518 Florida Avenue, Hemet, CA 92544

DL
00908480
Guaranteed Realty
Listed by Guaranteed Realty
$869,900
154 days on market
Updated 0 days ago

44518 Florida Ave

Details
APN 548-092-067
Property Type Industrial, Mixed Use
Sub Type Manufacturing
Square Footage 1,024
Net Rentable (SqFt) 1,024
Tenancy Vacant
Pro-Forma Cap Rate 9.66%
Pro-Forma NOI $84,000
Price per SqFt $850
Broker Co-Op Yes
Year Built 1958
Buildings 1
Acreage 1.520
Zoning Riverside County CPS
Investment Type Owner/User
Ground Lease No

PRIME 1.54 AC Retail Corner - Zoned for CANNABIS / DISPENSARY - $899k

Marketing description

Prime 1.54-Acre Retail Corner | Rare Riverside County CPS Zoning | Permitted Cannabis Dispensary & Cultivation Site with Shopping Center Development Upside

Property Overview: Presenting an exceptional commercial real estate investment opportunity: a high-visibility, 1.54-acre (approx. 67,082 SF) prime corner parcel situated in a rapidly growing corridor of Riverside County. Featuring versatile CPS (Commercial Retail) zoning, this property is uniquely positioned as a fully permitted zone for both Cannabis Dispensary Operations and Cultivation.

With "Green Zone" commercial retail properties facing increasingly strict local buffers and severe scarcity, this asset offers immediate, high-barrier-to-entry positioning for a flagship cannabis operator or a developer looking to secure a premium credit tenant.

The expansive acreage and strategic corner layout provide unmatched street frontage and high traffic counts, offering the scale required for a substantial multi-tenant retail development. Investors can capitalize on immediate cannabis operations while simultaneously planning a phased shopping center development to generate diverse, long-term NNN lease income streams.

Whether executing an owner-user strategy, looking for a rapid-launch cannabis site, or seeking a rare land asset with explosive appreciation and cash-flow potential, this property ticks every box for institutional and private capital alike.

Investment highlights

  • Rare Cannabis Zoning: Fully situated within the Riverside County CPS zone, allowing for highly coveted retail cannabis dispensary operations and cultivation uses.
  • Premium Corner Location: Strategic corner-lot positioning offering exceptional visibility, massive street frontage, and optimal ingress/egress points for high-volume traffic.
  • Significant Development Scale: 1.54 Acres (±66,211 SF) of flat, usable land providing ample footprint for a flagship facility, expansive parking, or a multi-tenant retail center.
  • Value-Add / Income Upside: Phenomenal potential to develop a strip center or shopping mall, allowing investors to diversify risk and establish stable, long-term NNN revenue streams.
  • High-Barrier-to-Entry Asset: Premium retail-zoned land permitting cannabis use is increasingly scarce, making this a highly liquid asset with strong long-term downside protection.
  • Flexible Execution: Perfectly suited for cannabis owner-operators looking to establish a footprint rapidly, or commercial developers seeking a high-yield retail project.

Listing Contacts

DL
00908480
Guaranteed Realty
Listed by Guaranteed Realty

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Zoning

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C-P-S CommercialSpecial CommercialScenic Highway Commercial
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View all 132 uses
View all 132 uses
Last updated May 14, 2026 For deeper zoning details, reports are available at Zoneomics

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