For Sale
Price CutPrice Drop: $30.1K (09/25)
No HOANo HOA
Photo 1 of Land for sale at 501 N Palm Ave, Hemet, CA 92543 | MLS# SW26021463 | Listing updated on 2026-09-25
Photo 2 of Land for sale at 501 N Palm Ave, Hemet, CA 92543 | MLS# SW26021463 | Listing updated on 2026-09-25
1+
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Street View

Listed by: David Limon (951) 445-0691 DRE #00908480 | Your Home Selling Pros (951) 447-4748

$169,900

Monthly Est:$846

  • Beds Icon-- Bed
  • Beds Icon
    -- Bath
  • Beds Icon12,632sqft lot

501 N Palm Ave, Hemet, CA 92543

$846/moEst:

Get Pre-Approved

  • Land

  • Built in -

  • $-- HOA

  • 12,632 sqft lot

  • $13/sq.ft

Description

Excellent Opportunity for Owner-User or Investor. Rare opportunity to acquire a versatile commercial lot (Zoned C-2 General Commercial) with strong income potential and value-add upside. Situated on a generous 12,632-square-foot parcel, this property offers flexible use options ideal for an owner-operator looking to secure their own space or an investor seeking future appreciation and cash flow.

The property may be purchased with a 3,600SF (40’x90”) metal building for an additional $75,000, providing an efficient and cost-effective solution for immediate occupancy or lease-up. With targeted improvements, the property offers a projected 8.42% cap rate, making it well
-suited for a value-add or repositioning strategy. Ample lot size allows for a wide range of commercial or industrial uses, expansion potential, outdoor storage, or operational flexibility. Whether you’re looking to operate your business, expand an existing operation, or enhance returns through improvements, this property delivers both current utility and long-term upside.

Ideal for owner-users, investors, or entrepreneurs seeking flexibility, income potential, and future growth.

  • Houzeo last checked: 12 minutes ago
  • Listing updated: September 25, 2026 at 7:04 pm
  • Source: California Regional MLS-CA | MLS#: SW26021463 California Regional MLS-CA

Property Details

  • Status

    Active

  • Type

    Land

  • No. of Stories

    -

  • County

    Riverside County

  • City

    Hemet

  • Neighborhood

    --

  • Year Built

    -

  • HOA Fees

    -

  • Finished Area

    - sqft

  • Lot Size

    12,632 sqft lot

  • Basement Area

    - sqft

  • MLS Name

    California Regional MLS

  • MLS Number

    SW26021463

  • MLS Status

    Active

  • Days on Market

    13

  • Cumulative Days on Market

    187

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Location

Facts & Features

Rooms

  • Bedrooms & bathrooms

    Bedroom: --

    Bathroom: --

Utilities & Energy

  • Water Source

    See Remarks

  • Utilities

    Electricity Available, Natural Gas Available, Sewer Available, Water Available

Other Features

  • Lot Features

    Level, Paved, Street Level

  • Community Features

    Street Lights, Suburban

Price History

DateEventPrice

09/25/2026

Source: mls_logoCalifornia Regional MLS-CA #SW26021463

Listed for Sale

$169,900

$0/sqft

05/30/2026

Source: mls_logoCalifornia Regional MLS-CA #SW26021463

Off Market

$169,900 -15.05%

$0/sqft

01/29/2026

Source: mls_logoCalifornia Regional MLS-CA #SW26021463

Listed for Sale

$200,000 -75.43%

$0/sqft

08/17/2012

Source: mls_logoCalifornia Regional MLS-CA #T12023554

Sold

$814,000

$0/sqft

Nearby Homes

Based on information from California Regional Multiple Listing Service, Inc. as of Oct 08, 2026, 09:30PM and /or other sources. All data, including 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. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.

Advertising Broker: William Johnson DRE #01463271 | William Johnson Brokerage