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2750 W Devonshire AVE Hemet, CA 92545
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Key Details
Sold Price $1,000,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SW25008241
Sold Date 07/17/25
HOA Y/N No
Year Built 1963
Lot Size 1.860 Acres
Property Sub-Type Mixed Use
Property Description
The Hemet San Jacinto Valley has approximately 167,614 residents in 61.41 square miles and the cities revenue surpasses $110,172,135. Fantastic location on the corner of North Kirby Street and Devonshire Avenue in the City of Hemet. The sale includes the 1.86 acres, nursery and single-family residence. Included is the Cagliero Ranch Nursery opened for business in 2003 and is well established in the community, it's valued at $299,900. There is a CUP, Conditional Use Permit, to operate as a Nursery. The land is zoned R3, multiple family residential with a maximum 30 (du/ac) dwellings per acre. Land Use designation is (HDR) High Density Residential allowing 18.1-30 (du/ac) dwellings per acre. It's possible to develop up to 55 units, apartments or condominiums. The single-family residence was built in 1963 and features 3 bedrooms, 2 bathrooms, 2883+/- square feet of living space. The property has a working well and has City water. Financials are available upon request, please do not disturb the employees.
Location
State CA
County Riverside
Area Srcar - Southwest Riverside County
Interior
Heating Central
Fireplace No
Laundry See Remarks
Exterior
Community Features Park
Building
Lot Description Corner Lot, Lot Over 40000 Sqft, Level, Near Park, Near Public Transit
Story 1
Water Public, Well
Others
Tax ID 448270013
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, VA Loan
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, VA Loan
Financing Seller Financing
Special Listing Condition Standard
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Bought with Norman Kyriss Century 21 Masters