6292 Hwy 20 Lucerne, CA 95458-7800
This exceptional 2,000 square foot mixed-use property in Lucerne, CA, presents a unique investment opportunity. Located on Highway 20, it boasts high visibility and accessibility, ideal for various commercial ventures. Built in 1968 and extensively renovated in 2024, the property includes two buildings on a 4,356 square foot lot (APN 034-192-010-000). The adaptable layout features a one-bedroom living space with additional rooms, a full bathroom, two half-bathrooms, and a kitchen area, perfect for owner-occupancy or rental income. Modern amenities include new flooring, two AC units, a new mini-split system, and two water heaters. A large three-car garage with workshop space and boat storage is accessed from the alley or backyard. The property also features a well-maintained yard with artificial turf, a peach tree, and new fencing. Situated across from Clear Lake, it offers stunning lake views and proximity to a community garden, a small beach area, parks, a boat ramp, restaurants, grocery stores, convenience stores, and wineries. The permitted zoning is PDC Planned Development Commercial, allowing for diverse uses. This move-in ready property offers a blend of commercial and residential potential in a thriving community. The asking price is $295,000 ($147.50/sq ft).
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
PDC · Lucerne, CALucerne. Always verify with local authorities before improvements.
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.