23804 Lake DrCrestline, CA 92325

Property Details for 23804 Lake Dr

Year built

1946

Construction

WOOD FRAME

Lot size

0.30 AC

Property size (Sq ft)

862 SF

Property type

Retail properties

Property subtype

Other automotive properties

APN

0338-132-23-0000

APU

338132230000

Description

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 approach

  CAP return

  Valuation

  6%

  $295,569

  6.5%

  $272,833

  7%

  $253,345

• Comparable approach

  Method

  Valuation

  Relative Method

  $339,340

  Geo Method

  $614,537

• Alternative Use

  Use

  Valuation

  Residential

  $230,145

  Hospitality

  $210,811

  Educational

  $175,393

  Medical

  $181,425

  Retail

  $272,833

Location Insight

City

Crestline

County

San Bernardino

State

California

Latitude

34.2432

Longitude

-117.284

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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