6000 Highway 20Lucerne, CA 95458

Property Details for 6000 Highway 20

Year built

1940

Lot size

0.28 AC

Property size (Sq ft)

1,380 SF

Zone code

CH

Property type

Retail properties

Property subtype

Gas stations

APN

034-064-010-000

APU

34064010000

Description

This exceptional mixed-use property in Lucerne, CA, presents a unique investment opportunity. Situated on a 0.28-acre lot at 6000 Highway 20, this 2,000 square foot property boasts high visibility and traffic due to its prime location. The main building features a spacious mechanic's garage and an attached office/retail space, ideal for a variety of businesses. The storefront enjoys stunning views of Lucerne Park and Clear Lake, benefiting from significant foot and vehicle traffic. A sizable grassy area provides ample space for storage or future expansion. A detached double-wide mobile home offers comfortable living quarters, including a large living area, kitchen with a nook, three bedrooms, and two bathrooms. A separate two-car detached garage provides additional storage or off-street parking, accessible privately from the mobile home. This property is conveniently located within walking distance of local restaurants, shops, the park, and the picturesque Clear Lake. The property's combination of commercial space and residential living makes it an attractive investment for those seeking a blend of work and residential life in a desirable location. The asking price is $350,000.

• CAP approach

  CAP return

  Valuation

  6%

  $515,299

  6.5%

  $475,661

  7%

  $441,685

• Comparable approach

  Method

  Valuation

  Relative Method

  $609,884

  Geo Method

  $496,532

• Alternative Use

  Use

  Valuation

  Residential

  $401,238

  Hospitality

  $367,532

  Educational

  $305,782

  Medical

  $316,298

  Retail

  $475,661

Location Insight

City

Lucerne

County

Lake

State

California

Latitude

39.095

Longitude

-122.8

CBSA code

17340

CBSA name

CLEARLAKE, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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