Property Details
7 Parcel, Value-Add Retail/Office Investment on CA Highway 1
108-124 East Ocean Avenue (The Property) is located in the growing city of Lompoc, CA, on the bustling corner of G Street and Ocean Avenue on the desirable California Highway 1. The Property offers a high-visibility, value-add opportunity on a significant local thoroughfare with convenient access to Vandenberg AFB, Highway 1 and Highway 246. The Property is currently divided into three separate units with two restrooms in each unit. Two units are immediately available at the time of offering, while the remaining tenant is currently on month-to-month lease terms.
This offers (a) immediate-use potential for owner-users buyers and (b) the opportunity to lease out at market rates for interested investors. The Property also offers an approx. half-acre (27,874 SF) of land across seven parcels and an over-sized parking lot which provides additional development potential.
Immediate Value-Add Potential
Seven Individual Parcels
Signalized Corner on Highway 1 (Ocean Avenue) & G Street
Hwy 1, & Hwy 246 Accessibility
Large Parking Lot with Additional Development Opportunity
Recent Improvements (Exterior Paint, Lot Repaving)
Proximity to Vandenberg AFB
- Property TypeRetail
- Year Built1959
- Total Acres0.14
- Number of Floors1
- Building ClassB
- ZoningOld Town Commercial
- Property ID2170220