Description

**UNIQUE OPPORTUNITY** TWO PARCELS AVAILABLE 465-020-004 AND 465-020-005 LOCATED IN A QUALIFIED OPPORTUNITY ZONE** Parcels are located in a PRIME LOCATION of West Hemet off Florida and California in the County of Riverside. Currently designated as Mixed Use (MU) there is an opportunity for a MULTI-FAMILY DEVELOPMENT of 262 units. This is ideal for a developer who wants to offset the tax liability on their Capital Gains from the sale of other assets - for more information on how to utilize the benefits of the Opportunity Zone please contact listing agent directly. These parcels offer fantastic views of the surrounding hills and mountains. Situated close to Diamond Valley Lake, Four Seasons Golf Course, Florida Promenade shopping center, Hemet Auto Mall and Hemet Airport. Utilities to the site include electricity, gas, 12 inch waterline and 24 inch recycled waterline. There is also an existing 21 inch sewer line in Stetson Ave and a 15 inch sewer line in Florida Ave (Hwy 74). Existing signalized intersection of California Ave and Hwy 74 which is just a short block north of the parcel provides an easy paved access from this property to both Hwy 74 and future Hwy 79 interchange. The parcel has 2 paved access roads from both south and north.

Details

MLS#OC18294449
Sub-TypeResale
StatusActive
Days On Site44

Features

ZoningR-T-20000
Acreage25.70
Property ViewYes

Market Activity

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Area Information

StateCA
CountyRiverside
CityHemet
Area223 - Hemet/San Jacinto
Listing VS Median (in )
Price:
$2,450,000
low | high
Med:
$17,500
100% of Average
On Site:
44
low | high
Med:
44
100% of Average
Listing Updated: 02/17/2019
MLS Number: OC18294449
Listing Provided By:
Serena Goss  of  HomeSmart Evergreen Realty
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.