109 3Rd StLompoc, CA 93436

Property Details for 109 3Rd St

Lot size

1.00 AC

Property type

Commercial land

APN

085-150-047

APU

85150047

Description

This exceptional 0.96-acre parcel in Lompoc, California (APN 085-150-047), zoned R3-PD, presents a remarkable opportunity for multifamily development. Currently slated for a 24-unit townhome project, "Castillo de Rosas" at 109 S 3rd St, offers a compelling investment at $995,000 ($21.93/SF). The proposed development envisions three two-story buildings, each unit featuring three bedrooms, two and a half bathrooms, and a two-bay garage. This southeast Lompoc location boasts an active tenant base and benefits from its proximity to the East Ocean Ave (HWY 1) and South 3rd Street intersection. The project is part of a larger neighborhood development plan, capitalizing on Lompoc's coastal setting between Santa Barbara and San Luis Obispo counties. Building permits are currently pending. Seller financing may be available. Detailed plans and permit status are available upon request. This is a ready-to-develop opportunity not to be missed.

• Alternative Use

  Use

  Valuation

  Residential

  $14,843,592

  Hospitality

  $13,596,650

  Educational

  $11,312,253

  Medical

  $11,701,299

  Retail

  $17,596,838

Location Insight

City

Lompoc

County

Santa Barbara

State

California

Latitude

34.6381

Longitude

-120.446

CBSA code

42200

CBSA name

SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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