178 Burton Mesa BlvdLompoc, CA 93436

Property Details for 178 Burton Mesa Blvd

Lot size

0.77 AC

Property size (Sq ft)

1,344 SF

Property type

Automotive properties

APN

097-590-002

APU

97590002

Description

This exceptional investment opportunity encompasses two established self-serve car washes located at 178 Burton Mesa Boulevard and 1112 E Ocean in Lompoc, CA. The combined offering includes two properties, each priced at $650,000, and two thriving businesses, each valued at $50,000, totaling $1,400,000. The main location, situated on a 0.77-acre lot, features a four-bay car wash with three enclosed bays and one open-ended bay. The property boasts 1,511 square feet of building space and recently upgraded bill acceptors handling $1, $5, $10, and $20 bills. This turnkey operation benefits from a loyal customer base and high local demand, providing a consistent income stream with minimal management. Significant development potential exists on the substantial remaining lot area, allowing for expansion of the car wash business or the addition of complementary commercial or residential structures. The seller may consider financing options. The second car wash location, at 1112 E Ocean, is also included in this sale. All information is believed to be accurate but should be independently verified.

• CAP approach

  CAP return

  Valuation

  6%

  $459,634

  6.5%

  $424,277

  7%

  $393,972

• Comparable approach

  Method

  Valuation

  Relative Method

  $567,435

  Geo Method

  $644,049

• Alternative Use

  Use

  Valuation

  Residential

  $357,894

  Hospitality

  $327,829

  Educational

  $272,750

  Medical

  $282,130

  Retail

  $424,277

Location Insight

City

Lompoc

County

Santa Barbara

State

California

Latitude

34.7035

Longitude

-120.464

CBSA code

42200

CBSA name

SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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