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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 Density Opportunity Zone – Significant tax benefits for investors 4.2 Acres – Ideal for apartments, senior housing, residential or mobile home park. Utilities nearby & accessible location High-Growth Area – Strong demand for housing and senior care Don’t miss this rare investment opportunity!
Property Type(s):
Lot/Land/Acreage
| Last Updated | 4/1/2025 | Community | Southwest Riverside County |
|---|---|---|---|
| County | Riverside |
Additional Details
| AREA | Southwest Riverside County |
|---|---|
| HOA DUES | 0 |
| LOT | 4.2 acre(s) |
| LOT DESCRIPTION | 26-30 Units/Acre, Corner Lot, Level, Lot Over 40000 Sqft, Near Public Transit |
| SEWER | Public Sewer |
| UTILITIES | Cable Available,Cable Not Available,Electricity Available,Natural Gas Available,Phone Available,Sewer Available,Water Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Golf Course,Hills,Neighborhood |
| WATER | Public |
| ZONING | R-3, Multi-Family Medium to High density |
Location
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Listed with First Team Real Estate
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