1201 Ocean AveLompoc, CA 93436

Property Details for 1201 Ocean Ave

Lot size

0.05 AC

Property type

Office buildings

APN

085-560-001

APU

85560001

Description

This meticulously maintained 1,000-square-foot medical office condominium in Lompoc, California, presents a unique investment or owner-user opportunity. Located at 1201 E Ocean Ave, in Santa Barbara County (zip code 93436), this single-story building boasts one large surgical operatory, with readily adaptable space for an additional operatory—simply add plumbing. Previously occupied by an oral surgery practice, the property's vacant status offers immediate occupancy for a new practice or investor. Its convenient location directly off Highway 1 ensures high visibility and accessibility, making it an ideal site for a satellite office or a new venture seeking a high-traffic area. The bright, spacious layout and clean design create a welcoming atmosphere, ready for immediate use. The asking price is $231,000. This is a single-unit, owner/user investment opportunity, perfect for a dental or medical professional seeking a turnkey solution or an investor looking for a strong return. The property's excellent condition and prime location combine to create a compelling proposition in the thriving Lompoc market. Don't miss this chance to establish or expand your practice in a highly visible and accessible location.

• CAP approach

  CAP return

  Valuation

  6%

  $648,410

  6.5%

  $598,533

  7%

  $555,780

• Comparable approach

  Method

  Valuation

  Relative Method

  $414,168

  Geo Method

  $414,168

• Alternative Use

  Use

  Valuation

  Residential

  $742,180

  Hospitality

  $679,833

  Educational

  $565,613

  Medical

  $585,066

  Retail

  $879,843

Location Insight

City

Lompoc

County

Santa Barbara

State

California

Latitude

34.6393

Longitude

-120.444

CBSA code

42200

CBSA name

SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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