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$899,900 -$80,100 (-8.17%) Price Reduced
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Property Description
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!
Full Property Details
Full Property Details for 44518 State Hwy 74
General
- Price: $899,900
- Status: Active
- Type: Commercial
- Source: MRMLS
- MLS ID: SW25185002
- Updated: 6/4/2026
- Days on Market: 292 days
- Added to Site: 294 day(s) ago
Business
- Business Type: Other
Rooms
Other Rooms
- Laundry: None
Location
- County: Riverside
- Driving Directions: On the corner of Florida Ave & Lincoln Ave
Heating & Cooling
- Heating Type: Central
Structural Information
- # Buildings: 1
- Roof: Flat
- Entry Floor Number: 1
- Stories/Levels: 1
- Building Size: 1024
- Square Feet: 1,024
- Year Built: 1958
Lot Features
- Lot Size (Acres): 1.52
- Useable Acres: 1.52
- Lot Size (Sq. Ft.): 66,211
- Lot Size Source: Assessor
- Fence: Yes
- Lot Features: Lot Over 40000 Sqft, Corner Lot, Level with Street, Rectangular Lot, Level
- Lot Description: Lot Over 40000 Sqft, Corner Lot, Level with Street, Rectangular Lot, Level
- Fencing (Description): Chain Link
Financial Considerations
- Price Per Sq. Ft.: $878
Disclosures and Reports
- Investment: Yes
- Property ID: 548092037
Listed by Your Home Selling Pros, DavidLimon
Get Pre-Approved Today
Schools
Schools serving 44518 State Hwy 74
School District:Hemet Unified School District
| Name | Grades | Distance |
|---|---|---|
Valle Vista Elementary School, Hemet, CA 43900 Mayberry Avenue, Hemet, CA 92544 | K-5 | 0.8 mi |
Dartmouth Middle School 41535 Mayberry Avenue, Hemet, CA 92544 | 6-8 | 3.1 mi |
Hemet High School 41701 Stetson Avenue, Hemet, CA 92544 | 9-12 | 3.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 44518 State Hwy 74
Date
Details
Price
Change
Source
6/04/2026
Price Reduced
$899,900
-8.17%
MLS
10/06/2025
Price Reduced
$980,000
-10.83%
MLS
9/22/2025
Price Reduced
$1,099,000
-8.42%
MLS
8/14/2025
Listed
$1,200,000
50%
MLS
10/12/2021
Sold
$800,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 44518 State Hwy 74
Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,687
2%
$848,965
2%
2024
$9,500
1%
$832,320
2%
2023
$9,373
-3%
$816,000
63%
2022
$9,641
70%
$499,307
2%
2021
$5,677
1%
$489,518
97%
2020
$5,608
96%
$248,732
2%
2019
$2,868
3%
$243,856
2%
2018
$2,780
1%
$239,075
2%
2017
$2,748
1%
$234,388
2%
2016
$2,728
—
$229,793
2%
2015
$2,720
5%
$226,343
2%
2014
$2,599
—
$221,912
—
2013
$2,599
—
$220,911
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 44518 State Hwy 74
44518 State Highway 74, Hemet, CA 92544 (MLS# SW25185002) is a Commercial property. 44518 State Highway 74 is currently listed for $899,900 and was received on August 14, 2025. Want to learn more about 44518 State Highway 74? Do you have questions about finding other Commercial real estate for sale in Hemet? You can browse all Hemet real estate or contact a Coldwell Banker agent to request more information.

