108-124 East Ocean

Market Price

108-124 East Ocean, Lompoc, California 93436

For Sale

Retail Other

Active

Last Updated: 10/02/2021

Details:

Building Size: 6,081 sqft

Lot Area: 27,878 sqft

Class: B

Year Built: 1959

Price Per Sqft: $164.12

Zoning: Old Town Commercial

Tenancy: Multiple

Gross Leaseable Area: 6,081

Parking Ratio: 6.08

Floor: 1

Investment Strategy: Value Add

Highlights:

Immediate Value-Add Potential
Seven Individual Parcels
Signalized Corner on Highway 1 (Ocean Avenue) & G Street
Hwy 1, & Hwy 246 Accessibility
Proximity to Vandenberg AFB
Large Parking Lot
Additional Development Opportunity
Recent Improvements (Exterior Paint, Lot Repaving)

Description:

108-124 East Ocean Avenue (the Property) is located in the growing city of Lompoc, CA, on the bustling corner of G Street and Ocean Avenue. The Property offers a high-visibility, value-add opportunity on a significant local thoroughfare with convenient access to Vandenberg AFB, Highway 1 and Highway 246.
The Property is currently divided into three separate units with two restrooms in each unit. Two units are immediately available at the time of offering, while the remaining tenant is currently on month-to-month lease terms.

This offers (a) immediate-use potential for owner-users buyers and (b) the opportunity to lease out at market rates for interested investors. The Property also offers an approx. half-acre (27,874 SF) of land across seven parcels and an over-sized parking lot which provides additional development potential.

Map:

Documents:

	Title
	Property Brochure	View View Document

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