6292 Hwy 20 Lucerne, CA 95458-7800
- Retail space
- 1,353 SF
- 0.10 lot acres
Current Use by Public Records
- Retail space
Property Details for 6292 Hwy 20
- Year built
- 1968
- Lot size
- 0.10 lot acres
- Property size
- 1,353 SF
- Zone code
- PDC
- Property type
- Retail space
- APN
- 034-192-010-000
- APU
- 34192010000
Description
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).
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $205,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $200,000
- 6.5%
- $170,000
- 7%
- $205,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $220,000
- Geo Method
- $205,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $195,000
- Retail
- $210,000
- Mixed-Use
- $220,000
- Hospitality
- $190,000
- Educational
- $215,000
- Residential Income
- $190,000
- Energy
- $225,000
- Income-Based Land
- $200,000
- Food Service
- $210,000
Location Insight
- Map
- Local Demand
- City
- Lucerne
- County
- Lake
- State
- California
- Longitude
- -122.793
- Latitude
- 39.0873
- CBSA code
- 17340
- CBSA name
- CLEARLAKE, CA MICROPOLITAN STATISTICAL AREA