OFFERING MEMORANDUM
-
East Along South State Street
Hemet, CA 92543
Riverside County -
Property Type:
Land -
Lot Size:
±4.13 acres
Online Auction for Very High Density Residential Corner
Property Description
OPPORTUNITY ZONE
The Future of Real Estate FRE is pleased to present the Online Auction event for a well located +/-4.13 acre land parcel in an Opportunity Zone in the City of Hemet, Riverside County, California. This highly visible property is located at the lighted intersection at the northeast corner of Chambers Street and South State Street. Commuters can easily access Domenigoni Parkway and Highway 74 for a direct connection to the I-215 Freeway. This land offering is zoned R-4 (Very High Density Residential) which allows up to 45 dwelling units per acre.
Property Features:
- ±4.13 Acres
- Municipality: City of Hemet, Riverside County, California 92543
- Zoning: R-4 (Very High Density Zone). This zoning allows up to 45 dwelling units per acre and may include townhomes, apartments, condominiums or residential care facilities.
- City of Hemet Population: ±83,000
- Utilities are available to the property. Buyer to verify.
- Topography: Generally Flat
Location Highlights:
- Location: The City of Hemet is located along California Route 74 within Riverside County, part of the Inland Empire of Southern California. Hemet has been known as a desirable alternative to more expensive cities in the immediate area such as Temecula, Murrieta, Wildomar and Menifee. The property is located at the lighted intersection at the northeast corner of Chambers Street and South State Street. Commuters can easily access Domenigoni Parkway and Highway 74 for a direct connection to the I-215 Freeway.
- Local Amenity: Diamond Valley Lake offers fishing and light boating on the lake. A recreation park, aquatic center, visitor center and the Western Science Center along with the lake marina are located on the eastern end of the lake. A viewpoint, offering views of the pumping station and I/O tower, along with most of the lake is located on the western end of the lake. To the south of the lake is the Southwestern Riverside County Multi-Species Reserve, a 13,500-acre (5,500 ha) preserve between Diamond Valley Lake and Skinner Reservoir. The reserve is home to at least 16 sensitive, endangered or threatened native California bird, animal and plant species. Visit www.dvlake.com.
- Property Access: South State Street is improved and paved along the west boundary of the subject property. Chambers Street is paved and improved along the south portion of the subject property.
- Hemet offers extensive health, retail and commercial services to residents and businesses.
- Close in proximity to nearby transit-corridors, commercial centers, parks, bike trails and more.
- ±2.7 miles from the subject property is Hemet Unified School District with 4,000 employees
- ±2.6 miles from the subject property is Hemet Valley Medical Center with 1,200 employees
Downloadable Documents Sign In to Access
Property Viewing
If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.
If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.
Start Temporary Access AgreementFinancing
There is not a Preferred Lender for this auction. You may not include a financing contingency with your bid.
If you intend to purchase the property ALL CASH, you will be required to provide proof of verifiable funds prior to the offer deadline.
For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.
Broker of Record for this property: Tom Doyle, CA license #01166180
All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented “as is,” and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the Asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.
US $149,000
Required bid deposit: US $2,500
How to Buy
-
1Set up a free user accountFree registration with no obligation. Your account provides access to additional information and documents, as well as email updates.
-
2Search & SelectOur website features different assets - Real Estate and REIT shares. Utilize our advanced search criteria to narrow down your selection.
-
3Review InformationAccess property information to make better-informed decisions. Available information varies depending on each real estate asset type.
-
4Submit Deposit (if required)Prior to placing a bid, you may need to submit a deposit. Deposits can be submitted using credit card, wire transfer or check.
-
5Place Online BidPlace bids on your selected asset prior to the deadline. Specifics vary for each asset.
-
6Winner is DeclaredBuyer deposits purchase funds, and closing coordinator assists Buyer and Seller with final paperwork.
BID NOT ACCEPTED
Your bid is below the minimum bid of US $149,000
BID NOT ACCEPTED
Your bid must be at or above the next acceptable bid of %s.
CURRENT HIGH BID: US $0
Minimum Bid Increment: US $5,000
BID NOT ACCEPTED
Your bid must be at or above the next acceptable bid of %s.
CURRENT HIGH BID: US $0 per share for shares.
Minimum Bid Increment: per share
ADD PROPERTY TO FAVORITES
Hemet, CA 92543
Riverside County
-
East Along South State Street
Hemet, CA 92543
Riverside County -
Property Type:
Land -
Lot Size:
±4.13 acres
Property Description
OPPORTUNITY ZONE
The Future of Real Estate FRE is pleased to present the Online Auction event for a well located +/-4.13 acre land parcel in an Opportunity Zone in the City of Hemet, Riverside County, California. This highly visible property is located at the lighted intersection at the northeast corner of Chambers Street and South State Street. Commuters can easily access Domenigoni Parkway and Highway 74 for a direct connection to the I-215 Freeway. This land offering is zoned R-4 (Very High Density Residential) which allows up to 45 dwelling units per acre.
Property Features:
- ±4.13 Acres
- Municipality: City of Hemet, Riverside County, California 92543
- Zoning: R-4 (Very High Density Zone). This zoning allows up to 45 dwelling units per acre and may include townhomes, apartments, condominiums or residential care facilities.
- City of Hemet Population: ±83,000
- Utilities are available to the property. Buyer to verify.
- Topography: Generally Flat
Location Highlights:
- Location: The City of Hemet is located along California Route 74 within Riverside County, part of the Inland Empire of Southern California. Hemet has been known as a desirable alternative to more expensive cities in the immediate area such as Temecula, Murrieta, Wildomar and Menifee. The property is located at the lighted intersection at the northeast corner of Chambers Street and South State Street. Commuters can easily access Domenigoni Parkway and Highway 74 for a direct connection to the I-215 Freeway.
- Local Amenity: Diamond Valley Lake offers fishing and light boating on the lake. A recreation park, aquatic center, visitor center and the Western Science Center along with the lake marina are located on the eastern end of the lake. A viewpoint, offering views of the pumping station and I/O tower, along with most of the lake is located on the western end of the lake. To the south of the lake is the Southwestern Riverside County Multi-Species Reserve, a 13,500-acre (5,500 ha) preserve between Diamond Valley Lake and Skinner Reservoir. The reserve is home to at least 16 sensitive, endangered or threatened native California bird, animal and plant species. Visit www.dvlake.com.
- Property Access: South State Street is improved and paved along the west boundary of the subject property. Chambers Street is paved and improved along the south portion of the subject property.
- Hemet offers extensive health, retail and commercial services to residents and businesses.
- Close in proximity to nearby transit-corridors, commercial centers, parks, bike trails and more.
- ±2.7 miles from the subject property is Hemet Unified School District with 4,000 employees
- ±2.6 miles from the subject property is Hemet Valley Medical Center with 1,200 employees
Property Viewing
If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.
If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.
Start Temporary Access Agreement
Financing
There is not a Preferred Lender for this auction. You may not include a financing contingency with your bid.
If you intend to purchase the property ALL CASH, you will be required to provide proof of verifiable funds prior to the offer deadline.
For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.
Broker of Record for this property: Tom Doyle, CA license #01166180
All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented “as is,” and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the Asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.
