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Prime 1.54-Acre Retail Corner - Zoned for Cannabis Dispensary & Cultivation with Shopping Center Upside! Seize this rare and exceptional opportunity to acquire a premier 1.54-acre commercial corner lot in Hemet under Riverside County jurisdiction, strategically zoned CPS (Commercial Retail). This highly versatile zoning unlocks an array of lucrative business uses, most notably a fully permitted zone for Cannabis Dispensary Operations and Cultivation. With premium retail-zoned parcels in high-demand areas becoming increasingly scarce, this asset represents a goldmine for both operators looking to launch quickly and investors seeking a high-yield, recession-resistant asset. Boasting massive street frontage and exceptional visibility, the expansive lot offers ample space for immediate development and future expansion. Capitalize on the property's immense upside potential by developing a multi-tenant shopping center to secure diverse, long-term rental income streams. Whether you want to establish a flagship cannabis operation, build a thriving retail hub, or hold a rare piece of commercial real estate with massive appreciation potential, this property delivers on every front. Don't miss out on one of the most versatile and valuable commercial lots on the market today!
Property Type(s):
Commercial
| Last Updated | 8/31/2026 | Year Built | 1958 |
|---|---|---|---|
| Community | SRCAR - Southwest Riverside County | County | Riverside |
Price History
| Prior to Sep 22, '25 | $1,200,000 |
|---|---|
| Sep 22, '25 - Oct 6, '25 | $1,099,000 |
| Oct 6, '25 - Jun 3, '26 | $980,000 |
| Jun 3, '26 - Jun 29, '26 | $899,900 |
| Jun 29, '26 - Aug 31, '26 | $869,900 |
| Aug 31, '26 - Today | $799,900 |
Additional Details
| AREA | SRCAR - Southwest Riverside County |
|---|---|
| HEAT | Central |
| LOT | 1.52 acre(s) |
| LOT DESCRIPTION | Corner Lot, Level, Rectangular Lot |
| LOT DIMENSIONS | 66211 |
| STORIES | 1 |
| WATER | Public |
Location
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Listed with Your Home Selling Pros
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.
This IDX solution is (c) Diverse Solutions 2026.
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