$4,200,000
Hemet, CA 92545
1974
Year Built
Riverside
County
HotelMotel
Property Type
46-Unit Motel-Investment / Redevelopment Opportunity!!! Property next to Gibbel Park. Two-story, 46-unit motel with a manager's office situated on a large, approximately 50,530 SF lot, with approximately 16,653 SF of building area. The city has shut down the motel, and it is not operational. Property is being sold strictly in its present AS-IS, where-is condition, with no repairs or improvements to be made by Seller. This property may offer potential for conditional motel use, redevelopment as a shopping center, retail/commercial project, or other permitted use subject to all applicable governmental approvals. The buyer is solely responsible for conducting all investigations and verifying with the appropriate City department regarding zoning, Conditional Use Permit (CUP), licenses, permits, building conditions, code requirements, redevelopment possibilities, and whether the property may legally be reopened and operated as a motel or used for any other purpose. Seller and listing agent Broker/Agent make no representations or warranties, express or implied, regarding the physical condition of the property, existing or future use, zoning, permits, licenses, Conditional Use Permits, or the City's approval of any porposed use or redevelopment.
$22,354/mo
20% down · 7% APR · 30-yr fixed
Estimate only. Does not include taxes, insurance, or HOA.
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