THE HEMET STOCK
FARM
City of Hemet
THE OPPORTUNITY
The subject is a unique infill homebuilding opportunity in the city of Hemet. Located at the NW corner of State St & Devonshire in the heart of the city, the Owner is processing entitlements for 173 detached lots (40’ & 50’ wide minimum) within a mixed use project on 35.84 acres. Tentative Map and Development Agreement approvals are anticipated in June 2026. The property’s strategic position just ¼ mile from Florida Ave/Hwy-74 provides convenient access to a variety of retail, dining, entertainment and service amenities, making it a prime location for a new residential community. The property is zoned “Planned Community Development (PCD)” within the Downtown Hemet Specific Plan, which offers greater flexibility in site design, density and housing unit options. Given the property’s historical significance, the city plans to design and build at its cost an onsite public park that preserves and incorporates existing farming structures and trees. Additionally, the mixed use project will include a future hotel site at the NE corner and live-work townhomes along the frontage of State St, which are not part of this offering.
PROPERTY HIGHLIGHTS
- 173 detached homesites.
- Infill location.
- Seller is open to delivering finished lots.
- Flexible for at least two product types.
- City to own, build and maintain onsite park.
- Plentiful retail, dining, entertainment, service and recreational amenities.
- Depleted lot inventories in French Valley, Menifee, Murrieta, Temecula, and coastal communities.
