201 Ocean AveLompoc, CA 93436

Property Details for 201 Ocean Ave

Lot size

0.16 AC

Property type

Retail properties

Property subtype

Retail space

APN

091-083-007

APU

91083007

Description

This exceptional 4,010 square foot industrial property, situated on a 0.16-acre corner lot in the heart of downtown Lompoc, California, presents a unique investment opportunity. Located in the city's Historical Landmark District, this well-maintained building boasts a prime location near shops, restaurants, cultural attractions, and public amenities, ensuring high visibility and pedestrian traffic. Currently configured as a retail space (furniture store), the property offers significant potential for various commercial uses. Built circa 1960s with recent renovations, the building features a newly installed roof on the front section, new heaters in both the front and back areas, and a fresh coat of paint. Adding to its historical charm, the building showcases the newly painted 50th Anniversary of Landsat Mural, a local landmark. The sale includes two large storage containers with a new roof and a small new shed located in the fenced and gated back area of the property. The existing retail business is not included in the sale but could be negotiated separately. This property offers a blend of historical character and modern updates, making it an ideal investment for discerning buyers seeking a high-traffic location in a thriving downtown area. The property's central location provides easy access to the Lompoc Chamber of Commerce, farmers market, and ample public parking. The asking price is $899,000.

• CAP approach

  CAP return

  Valuation

  6%

  $3,049,803

  6.5%

  $2,815,203

  7%

  $2,614,117

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,339,567

  Geo Method

  $3,339,567

• Alternative Use

  Use

  Valuation

  Residential

  $2,374,729

  Hospitality

  $2,175,239

  Educational

  $1,809,773

  Medical

  $1,872,014

  Retail

  $2,815,203

Location Insight

City

Lompoc

County

Santa Barbara

State

California

Latitude

34.6393

Longitude

-120.459

CBSA code

42200

CBSA name

SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].