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31455 State Highway 18 Highway

Lucerne Valley, CA 92356
  • $525,000
  • STATUS: Active
  • ON SITE: 193 Days
  • ID#: 535695
UPDATED: 17 min ago
$525,000
  • 0
    BEDS
  • 1.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1947
County:

School Ratings & Info

Listing Agent: Jeffrey Nyal of Coldwell Banker Home Source


Description

***Come VIEW and MAKE an OFFER TODAY! Amazing commercial investment opportunity located in Lucerne Valley CA. Situated with frontage on HIGH TRAFFIC Hwy 18 the site sees thousands drive by everyday with tons of recreational visitors heading to Big Bear and motor-cross trails on weekends. The property includes a 2005sf restaurant which is one of only a handful servicing the entire Lucerne Valley area. Plus there is a 500sf residential unit on the 1.25 acre lot. Both the restaurant and home are occupied with long term tenants, bringing in nearly $41,000 in RENTAL INCOME per year. A definite must see opportunity with the potential to generate lucrative cap rates or ideal for anyone looking to have their own restaurant.***

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-08T13:28:54.543. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cane Real Estate | Keller Williams La Jolla. Licensed in the State of California, USA.
www.canerealestate.com/homes/117709031
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31455 State Highway 18 Highway Lucerne Valley, CA 92356

  • Price: $525,000
  • Status: Active
  • On Site: 193 Days
  • Updated: 17 min ago
  • ID#: 535695
0
Beds
0
Baths
0
½ Baths
1.25
Acres
1947
Built
County:
San Bernardino
Property Description
***Come VIEW and MAKE an OFFER TODAY! Amazing commercial investment opportunity located in Lucerne Valley CA. Situated with frontage on HIGH TRAFFIC Hwy 18 the site sees thousands drive by everyday with tons of recreational visitors heading to Big Bear and motor-cross trails on weekends. The property includes a 2005sf restaurant which is one of only a handful servicing the entire Lucerne Valley area. Plus there is a 500sf residential unit on the 1.25 acre lot. Both the restaurant and home are occupied with long term tenants, bringing in nearly $41,000 in RENTAL INCOME per year. A definite must see opportunity with the potential to generate lucrative cap rates or ideal for anyone looking to have their own restaurant.***
Exterior Features

Construction Materials BlockFrame Entry Level 0 Lot Features Paved Open Parking Spaces 15 Parking Total 15 Roof Composition

Interior Features

Cooling Evaporative Cooling Cooling YN Yes Heating Natural Gas Heating YN Yes

Property Features

Gross Scheduled Income 40800 Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 ExchangeSubmit Net Operating Income 37055 Special Listing Conditions Standard Water Source Well Zoning Commercial



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-08T13:28:54.543. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cane Real Estate | Keller Williams La Jolla. Licensed in the State of California, USA.
 
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Cane Real Estate | Keller Williams La Jolla
7817 Ivanhoe Avenue #101
La Jolla CA, 92037
Listing Agent: Jeffrey Nyal of Coldwell Banker Home Source