6292 Highway 20Lucerne, CA 95458

Property Details for 6292 Highway 20

Year built

1968

Lot size

0.10 AC

Property size (Sq ft)

1,353 SF

Zone code

PDC

Property type

Retail properties

Property subtype

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).

• CAP approach

  CAP return

  Valuation

  6%

  $505,236

  6.5%

  $466,371

  7%

  $433,059

• Comparable approach

  Method

  Valuation

  Relative Method

  $597,965

  Geo Method

  $486,817

• Alternative Use

  Use

  Valuation

  Residential

  $393,402

  Hospitality

  $360,354

  Educational

  $299,810

  Medical

  $310,121

  Retail

  $466,371

Location Insight

City

Lucerne

County

Lake

State

California

Latitude

39.0873

Longitude

-122.793

CBSA code

17340

CBSA name

CLEARLAKE, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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