112 F StLompoc, CA 93436

Property Details for 112 F St

Lot size

0.40 AC

Property type

Office buildings

APN

085-131-020

APU

85131020

Description

This exceptional 6,699 square foot commercial building presents a unique investment opportunity in the thriving city of Lompoc, California. Built in 2006, this single-tenant property boasts a versatile design ideal for owner-users seeking retail or creative office space. Currently configured as three units, the building sits on a substantial 17,424 square foot lot, providing ample space and potential for expansion. The property's Mixed-Use (MU) zoning designation unlocks significant redevelopment potential. The City of Lompoc has indicated approval for conversion into an eight-unit apartment complex, comprising four one-bedroom/one-bathroom units and four two-bedroom/one-bathroom units. This presents a compelling opportunity for investors seeking to capitalize on the strong demand for multifamily housing in the area. The property includes 26 on-site parking spaces, a significant advantage in a location with high parking demand. Its convenient location near major transportation corridors further enhances its appeal. This property offers a rare blend of immediate income potential and long-term growth prospects, making it an exceptional investment in a dynamic California market. Located at 112 N F St, Lompoc, CA 93436, this property is situated in Santa Barbara County.

• CAP approach

  CAP return

  Valuation

  6%

  $5,187,210

  6.5%

  $4,788,194

  7%

  $4,446,180

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,313,348

  Geo Method

  $3,313,348

• Alternative Use

  Use

  Valuation

  Residential

  $5,937,360

  Hospitality

  $5,438,590

  Educational

  $4,524,843

  Medical

  $4,680,460

  Retail

  $7,038,645

Location Insight

City

Lompoc

County

Santa Barbara

State

California

Latitude

34.6397

Longitude

-120.455

CBSA code

42200

CBSA name

SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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