Mosaic Walk | Ready-to-Develop Multifamily/SFR Land

Highlights:

• + 1.36 AC of ready-to-develop multifamily/SFR land
• Potential for 30-36 multifamily units (check with city planning department)
• Previously approved for 13 single-family homes
• Adjacent large community park, Boys and Girls club, and market grocery

Description:

Colliers | SLO is pleased to offer 1038 West Ocean Avenue: a unique development opportunity in sunny Lompoc, California. The +1.36-acre property has the potential for development of either single family homes, or, multifamily apartment units. Previously, 13 SFR units were approved for the site; recently the seller submitted a pre-app for 30 apartment units. Approvals for either apartments or SFR would need to be obtained by Buyer.

The site is thoughtfully located at the signalized intersection of West Ocean and R Street, directly across from the Boys and Girls Club of Lompoc Valley and a Dollar General Market grocery. The property is just one of several neighborhood developments planned for Lompoc, benefiting from its coastal location at the cusp of Santa Barbara and San Luis Obispo counties.

Documents: