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Hemet, CA

$619,900

561 N Palm, Hemet, CA
1980
Built
160
Days listed

About this home

Excellent Opportunity for Owner-User or Investor! Well-located commercial property offering flexible use and strong income potential. The property features two separate buildings, each approximately 1,800 square feet, with individual entrances and fenced yard space, providing versatility for a variety of business operations. Situated on a generous 25,700-square-foot lot, the property includes large bay doors, ample on-site parking, 3-phase 440v electrical, and efficient layouts well-suited for light industrial, warehouse, contractor, or service-based uses. Both buildings are currently rented on a month-to-month basis, providing immediate income with an attractive 9.16% cap rate, property can be delivered vacant at close or tenants willing to sign long term lease. Ideal for an owner-user, expansion, or value-add repositioning strategy. This is a rare opportunity to acquire a flexible commercial asset with strong fundamentals, income stability, and long-term upside in a desirable location.

Facts & features

Interior
Heating
None
Laundry
None
Exterior & lot
Lot size
0.59 acres (25,700 sq ft)
Year built
1980
Community
Area
SRCAR - Southwest Riverside County
County
Riverside
Listing details
Status
Active
Property type
Retail
Days on market
160
Listed
2026-01-15
Original price
$650,000
Terms
Cash To New Loan, Conventional, Owner May Carry, Submit
Parcel #
442030021
MLS #
SW26011643
Listed by
David Limon · Your Home Selling Pros

Location

Price history

Listed
$650,000 · 2026-01-15
Price reduced
$619,900 (−$30,100)
Days on market
160
Current price
$619,900
Financing

Could this home be yours?

Estimated monthly payment
$3,889
$3,135 principal & interest · $754 taxes & insurance
$123,980
Estimate only
Loan $495,920

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Listing data provided by CRMLS

Listing courtesy of Your Home Selling Pros. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.

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