23804 Lk Dr Crestline, CA 92325-9608
This exceptional 0.1-acre commercial land parcel presents a unique investment opportunity in the heart of Lake Gregory Village, Crestline, CA. Located on the bustling Lake Drive, this property boasts a highly visible position surrounded by established shops and restaurants, ensuring excellent exposure for any commercial venture. The property currently operates as a used car sales and rental lot, offering a potential turnkey business acquisition alongside the land purchase. The existing business is owned by the current landowner and the wholesale cost of the inventory is available for purchase separately. The land itself comprises three combined lots totaling 4,350 square feet, further enhanced by an existing 862-square-foot office building. Zoned for commercial use, this property is ideally situated minutes from Lake Arrowhead, providing easy access to a larger regional market. The property's strategic location and existing infrastructure make it an attractive proposition for a variety of commercial uses, offering significant potential for growth and return on investment. This is a rare opportunity to acquire a well-positioned commercial property in a desirable mountain community. The asking price is $449,000. The property is located at 23804 Lake Dr, Crestline, CA 92325.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.