RE/MAX Commercial is pleased to offer the sale of a prime multifamily development parcel located at 109 South Third Street in Lompoc This nearly one-acre site, totaling approximately zero point .96 acres, presents a compelling residential development opportunity in a well-established area of Southeast Lompoc. The property is zoned R-3 PD and is flat, level, and highly buildable with utilities readily available at the street--an ideal foundation for a thoughtful multifamily project. In 2021 the City of Lompoc approved a Mission-style townhome community known as Castillo de Rosas Townhomes. The approved plan envisioned: Twenty-four two-story residential townhome units Three bedrooms and two and one-half baths per unit Individual two-car garages A cohesive Mission-inspired architectural design While the prior approvals have since expired, the historical entitlement provides a strong planning framework and a valuable reference point for future development discussions. Given the passage of time and evolving housing needs, buyer prospects are encouraged to engage directly with the City to explore re-entitlement and potential density opportunities, subject to city review and approval. The location enhances the appeal: Prime Southeast Lompoc setting Close proximity to West Ocean Avenue and Highway One Convenient access to the medical district Nearby Hapgood Elementary School Established residential surroundings with neighborhood continuity About Lompoc and the region: Lompoc continues to gain attention as a coastal California community offering a rare balance of affordability, growth potential, and lifestyle appeal. Known for its open skies, agricultural roots, and proximity to the Pacific, the city benefits from regional drivers including Vandenberg Space Force Base, expanding medical services, and steady demand for quality workforce and family housing. Its location along the Central Coast places residents within reach of Santa Barbara, Santa Ynez wine country, and the rugged beauty of the Gaviota coastline. This offering represents an opportunity to reimagine a previously approved multifamily concept in a city that values smart growth and community-oriented development. Why wait? Explore the potential and start shaping Lompoc's next residential chapter today. Buyer and Buyer's agent to verify all information with City of Lompoc