135 H StLompoc, CA 93436

Property Details for 135 H St

Lot size

0.40 AC

Property type

Retail properties

Property subtype

Strip malls

APN

085-121-001

APU

85121001

Description

This exceptional 5,000 square foot retail property, situated on a 0.32-acre lot at 135 S H Street in Lompoc, California, presents a remarkable investment opportunity. Its prime corner location in the vibrant Old Town Commercial district ensures high visibility and accessibility. The building offers 22 convenient off-street parking spaces, a significant advantage for both customers and employees. Zoned as OTC (Old Town Commercial), this property benefits from its inclusion in a redevelopment overlay area, opening doors to a wide range of possibilities. The expansive, open floor plan provides flexibility for diverse uses, making it ideal for a variety of businesses. Imagine establishing a trendy cafГ©, a stylish boutique, a professional office space, or even a dynamic mixed-use development. This property's strategic location, ample parking, and flexible zoning regulations combine to create an unparalleled opportunity for growth and success within the thriving Lompoc community. The asking price is $750,000. This is a rare chance to acquire a highly desirable commercial property in a rapidly developing area. Don't miss out on this exceptional investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $7,625,165

  6.5%

  $7,038,614

  7%

  $6,535,856

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,349,636

  Geo Method

  $8,349,636

• Alternative Use

  Use

  Valuation

  Residential

  $5,937,334

  Hospitality

  $5,438,566

  Educational

  $4,524,823

  Medical

  $4,680,438

  Retail

  $7,038,614

Location Insight

City

Lompoc

County

Santa Barbara

State

California

Latitude

34.6404

Longitude

-120.458

CBSA code

42200

CBSA name

SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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