Referred to as the “gem of Lucerne” this property is in the heart of a charming lakeside town along California State Hwy 20. Legal non-compliant status permits the operation of a commercial establishment while the R3 zoning classification allows for exponential long term growth opportunity. Years of neglect to Lucerne is giving way to a long awaited revitalization with unlimited potential for the town and throughout the North Shore region of Lake County.
The property will greatly benefit from the $40mm CalTrans Highway 20 improvement project which includes new curbs, sidewalks, bike/bus lanes, underground power lines and upgrades to water and sewer lines. Preliminary work is already underway with major construction slated to start this summer. The CalTrans project will be complemented by the repaving of the avenues spanning 1st to 17th avenue, further bolstering the economic vitality of businesses and residences. Timing has never been better to obtain such a unique opportunity before property values begin to escalate!
Highly visible with 5,000 - 10,000 vehicles passing per day (2023 AADT census), this cash cow property has a track record of housing a 5 star restaurant business for 7 consecutive years. Whether your dream is an owner-operated business like cafe, or sandwich shop, or a full blown restaurant, this is a show piece opportunity and turn key operation. Features include ample road front parking with back lot parking, spacious outdoor patio, enclosed garden area and detached storage building. Facility is fully ADA compliant, energy efficient and immaculately maintained. Recent improvements include all new exterior paint, retractible patio awnings, and ventless hood system further expanding the potential of operations.
BUILDING: 1,100 sf
LOT: 4356 sf
BUILT: 1964, Full Renovation: 2006