This CR Zoned (Rural Commercial) property sits on CA Highway 18 in Lucerne Valley, CA and was a profitable Napa Auto parts store for 26 years. The property sits on the corner of Ox Bow Rd. and Highway 18 just .3 miles west of the turn off to Big Bear and the junction with Highway 247 (Old Woman Springs Rd.) in the heart of Lucerne Valley. Lucerne Valley is within the San Bernardino County, one of the largest counties in California and sits just north of the San Gabriel Mountains.
The property includes two additional usable or rentable buildings, a clean and neat home and a large storage garage, used by the Napa Auto Parts store to inventory parts. All buildings show pride of ownership and are in a well maintained condition.
The NAPA store owner used the store front for the entire time of ownership as the auto parts store. The building is approximately 2,330 sq ft with two central heating units, two evaporative coolers and has it's own septic tank. The owner had NEW rolled roofing installed on the store 3 months ago.
The building can be used for any number of commercial uses under this Rural Commercial zoning. According to the County of San Bernardino 2007 Development Code, “The CR (Rural Commercial) land use zoning district provides sites for retail trade and personal services, repair services, lodging services, recreation and entertainment services, transportation services, and similar and compatible uses.“ At this time the store is vacant.
According to the seller the 1,156 sq foot home was built in 1926 and has been remodeled several times over the years. The two bedroom, one bath home was used as a personal residence for the owners when they were at the store.
The home has a wall heating unit, evaporative cooler and septic tank. The shingle roof was replaced approximately 9 years ago with a guaranteed 25 year roof. The detached storage/garage is approximately 1,104 sq feet and includes a shop in the back. The home and storage/garage has been leased by a tenant.
Giving new tenants a great deal! The 2,330 sq ft store front building is rentable for $1,500 per month, ($.64 per square foot). The 2 bedroom remodeled home is rented at $750 per month and the storage facility at $200 per month. We believe a new buyer can obtain long term tenants for the store front for a total gross yearly income of $29,400.
This seller is offering several options to lease, lease option or purchase this property.
A lease with option to purchase is also being offered by this seller. The seller will consider all offers for a lease option and the potential buyer should consider making a lease deposit along with monthly option funds over and above the monthly rent to be credited for a future purchase of the property. The term of a lease option to purchase is negotiable.
Lastly, the seller is offering seller financing with no credit check, points, or continuing yearly full financial statements as banks now require. Seller is offering a simple loan process to purchase this property with your down payment being the qualifier for your purchase. The seller offers complete financing with 25% down and monthly payments to fully amortize this purchase for 20 years at 8% interest. If you have checked with a commercial lender this process is substantially less intrusive, about the same interest, (and this one is not variable interest), is fully amortized at a stable unchanging payment and will not have a 5 or 10 year balloon payment or requirement to refinance at the end of the term as many current lenders require.
From Bear Valley Rd in Victorville: Head east along Bear Valley Rd. to the CA Highway 18 cutoff, merge right onto the CA Highway 18 and continue for approximately 10.2 miles. Property will be on your right.
Land for Sale in Lucerne Valley, CA - Kristen L. Maley (Realtor, Land Pricing Strategist at LandCore Realty). LandCore Realty provides cutting edge technology and marketing to its clients. I specialize in helping land owners and those looking to invest in land in Oro Grande, Adelanto, Victorville, Hesperia, Apple Valley, Lucerne Valley, Helendale and surrounding areas.(760) 952-2345