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Prime 4.2-acre development opportunity in Hemet, CA! This R3-zoned property offers medium to high-density multifamily potential and is located within a designated Opportunity Zone, providing substantial tax incentives for investors. Ideal for apartment complexes, senior living, memory care, or a mobile home park, this lot is positioned in a growing market with increasing demand for housing.Strategically located near major roads, utilities, and community amenities, this site is primed for development. The City of Hemet supports residential expansion, making this an attractive prospect for developers looking to capitalize on the area's growth.Key Highlights:Zoned R3 – Multifamily Medium to High DensityOpportunity Zone – Significant tax benefits for investors4.2 Acres – Ideal for apartments, senior housing, memory care, residential or mobile home parkInfrastructure Ready – Utilities nearby & accessible locationHigh-Growth Area – Strong demand for housing and senior careDon’t miss this rare investment opportunity!
Property Type(s):
Commercial
| Last Updated | 4/1/2025 | Community | Southwest Riverside County |
|---|---|---|---|
| County | Riverside |
Additional Details
| AIR | None |
|---|---|
| AREA | Southwest Riverside County |
| HEAT | None |
| LOT | 4.2 acre(s) |
| LOT DESCRIPTION | 26-30 Units/Acre, Level, Lot Over 40000 Sqft, Near Public Transit |
| UTILITIES | Cable Available,Electricity Available,Natural Gas Available,Sewer Available,Water Available |
| WATER | Public |
Location
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Listed with First Team Real Estate
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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