01
Superior Land-to-Building Ratio
A ±2,284 SF building on a ±33,541 SF (0.77-acre) lot — the low building coverage is the point: the real value is in the land and its development optionality.
Leased
1003 E Devonshire Ave
Hemet, CA 92543
- Asking
- $1,950,000
- Lot
- 33,541 SF
- Acres
- ± 0.77 AC
- Building
- ± 2,284 SF
Documents, tours & next steps
Infill site in Hemet’s healthcare and education corridor.
ParcelView 6 photos
Source marketing outline is for orientation only; not a boundary survey.
Francisco Williams, CCIM
Francisco Williams, CCIM. Co-Listed by Williams Capital Advisors + Keller Williams Hollywood Hills. Call (213) 880-8107.
CalDRE #01979442 + #01997655
Listed Jun 29, 2026 · Updated 1 week ago
Gallery
Photographs.
1 / 6 · Parcel
Source marketing outline is for orientation only; not a boundary survey.
The Opportunity
A 0.77-acre infill site with frontage on a high-visibility thoroughfare in Hemet's healthcare and education corridor — a strategic land play with an income-producing building already in place.
Why This Asset
A land play where the dirt — not the building — is the value.
02
Healthcare & Education Corridor
Located in the heart of Hemet's established medical and education corridor, near hospital, clinic, and school uses that drive steady daily demand.
03
High-Visibility Frontage
Strong frontage along a high-traffic thoroughfare with excellent access — the visibility and circulation that retail, medical, and drive-thru users compete for.
04
Growth Submarket
Hemet continues to benefit from steady population growth and ongoing public and private investment in nearby medical and educational facilities.
05
In-Place Building While You Entitle
The existing 1999-built retail building can hold income or an owner-user during the entitlement and planning runway for a higher-and-better use.
06
Flexible Reuse
An efficient corner-style infill parcel suited to retail, medical-office, QSR / drive-thru, or daily-needs redevelopment, subject to verification with the City.
Property details
±0.77 AC · ±2,284 SF building · Hemet medical / education corridor.
Asset
- Address
- 1003 E Devonshire Ave, Hemet, CA 92543
- Property Type
- Retail / Land
- Property Sub-Type
- Infill Development Site
- Year Built
- 1999
- Stories
- 1
Size & Site
- Building Area
- ± 2,284 SF
- Lot Size
- ± 33,541 SF / 0.77 AC
- Price / SF (Building)
- $854 / SF
- Zoning
- R-P
- APN
- 445-350-020
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Location · Trade Area
Hemet · San Jacinto Valley · Devonshire Avenue medical / education corridor.
Trade Area Fundamentals
Hemet anchors the San Jacinto Valley, one of Inland Southern California's steadier population-growth markets. The Devonshire corridor concentrates the city's medical, clinical, and education uses, generating dependable daytime traffic.
For a land buyer, the appeal is the basis: a low-coverage 0.77-acre parcel on a visible thoroughfare, with an in-place building to carry the hold while a higher-and-better use is planned.
Full submarket detail, traffic counts, and rent comps available from the listing team on request.
Deep Dive
Why 1003 E Devonshire Ave is a strategic infill land play.
What makes 1003 E Devonshire Ave a land play, not a building sale?
At 1003 E Devonshire Ave, the dirt — not the building — is the value. A ± 2,284 SF building sits on a ± 33,541 SF (0.77-acre) lot, and that low building coverage is the point: for a land buyer the real value is in the land and its development optionality. Offered at $1,950,000, this is a strategic land play, not a building sale.
What is the zoning and what can be built at 1003 E Devonshire Ave?
Zoning is R-P. The efficient corner-style infill parcel is suited to retail, medical-office, QSR / drive-thru, or daily-needs redevelopment. Strong frontage along a high-traffic thoroughfare gives the visibility and circulation that retail, medical, and drive-thru users compete for. All reuse and redevelopment is subject to verification with the City of Hemet.
How does the in-place building carry the hold while you entitle?
The existing 1999-built retail building can hold income or an owner-user during the entitlement and planning runway for a higher-and-better use. For a land buyer, that in-place building carries the hold while a higher-and-better use is planned — income or an owner-user occupies the pad today, and ownership entitles the site at its own pace.
Why does Hemet's healthcare and education corridor matter to a land buyer?
Hemet anchors the San Jacinto Valley, one of Inland Southern California's steadier population-growth markets. The Devonshire corridor concentrates the city's medical, clinical, and education uses — near hospital, clinic, and school uses that drive steady daily demand and dependable daytime traffic. Ongoing public and private investment in nearby medical and educational facilities continues to support the submarket.
What does 1003 E Devonshire Ave cost on a land basis?
The asking price is $1,950,000, or $854 / SF on the ± 2,284 SF building — but the building SF is not where a land buyer underwrites. The basis to weigh is the 0.77 AC / ± 33,541 SF parcel: a low-coverage lot on a visible thoroughfare with an in-place building to carry the hold. APN 445-350-020.
Sources: Price, building and lot size, year built, zoning, and APN trace to the CREXi listing (Francisco Williams, KW Beverly Hills) as of 2026-06-29. Information herein is from sources deemed reliable but not guaranteed; buyer to independently verify lot size, zoning, entitlement, and all development assumptions with the City of Hemet.
Exclusively Co-Listed By
Williams Capital Advisors + Keller Williams Hollywood Hills.
A dual-brokerage partnership pairing WCA-led institutional CRE advisory with Keller Williams Hollywood Hills. Either broker reaches the same deal team.
Williams Capital Advisors · Listing Broker
Francisco Williams, CCIM
Executive Vice President
Keller Williams Hollywood Hills · Listing Broker
Laura Milshteyn
Senior Vice President
Williams Capital Advisors (CA Real Estate Corporation License #01428775) and Keller Williams Hollywood Hills operate independently but collaborate exclusively on this listing; Francisco Williams (CalDRE #01979442) and Laura Milshteyn (CalDRE #01997655) are the listing brokers. Cooperating brokers welcome — commission terms available on request. Information herein is from sources deemed reliable but not guaranteed; buyer to independently verify lot size, zoning, entitlement, and all development assumptions with the City of Hemet.
Letter of Intent
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For qualified buyers prepared to transact. Indicate your offered price, deposit, contingency periods, and source of funds. Listing brokers will respond within one business day with a counter or accept.
- Land buyers and owner-users prioritized
- Offers reviewed in receipt order
- Cooperating brokers welcome — terms available on request
Disclaimer
The information contained herein is derived from sources deemed reliable but has not been independently verified by Williams Capital Advisors or any co-listing brokerage. All financial projections, square-footage estimates, lease summaries, demographic figures, and comparable sales data are provided for illustrative purposes only and may not reflect future performance. Prospective purchasers are advised to consult their own tax, legal, and financial advisors and to independently verify all information prior to making any investment decision. Neither Williams Capital Advisors (CA Real Estate Corporation, License #01428775), any co-listing brokerage, the Property Owner, nor their respective representatives assume liability for errors, omissions, or decisions made in reliance on this information. This listing page does not constitute an offer, solicitation, or legal obligation; any transaction is subject to a fully-executed Purchase and Sale Agreement. Cap rate, NOI, and underwriting assumptions shown in the on-page Valuation Calculator are illustrative only and do not constitute investment advice. Cooperating brokers welcome — commission terms available on request.
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