109 W Ocean Ave - Storefront FOR SALE


Lompoc, CA 93436- Downtown Lompoc
$850,000 USD
805-588-7653
109 W Ocean Ave, Lompoc, CA for Sale
$850,000 USD
Storefront - FOR SALE
1/10
null | 6% Cap Rate

109 W Ocean Ave
Lompoc, CA 93436
Downtown Lompoc


HIGHLIGHTS

  • Heavy traffic
  • Old Town district

OVERVIEW

Own a piece of Lompoc’s history, The Schroeder Building, a downtown commercial building situated in the heart of Lompoc’s desirable Old Town district. The building features two units and a parking lot, two parcels in this sale. The businesses are NOT for sale. Hangar 7 and Central Coast Collectibles currently occupy the two units. Two established businesses that bring substantial traffic to the property. Significant improvements have been made in the building within the last few years including roof replacement, repaving of the parking lot, repainting of the building, and the installation of ADA-compliant bathrooms in both rental spaces. The 105 W Ocean space is 3,000 square feet, the 107 W Ocean space is 2,000 square feet, and the entire 109 W Ocean property is a parking lot. The building has access from the rear alley, with additional parking in the back and public street parking at the front.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$170 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

105-107 W Ocean Ave

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Bar, Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

-

APN/PARCEL ID

085-121-006,085-121-007

ASK ABOUT THIS PROPERTY

Carolina PalaciozPalacioz Realty & AssociatesMore Info
805-588-7653

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Carolina PalaciozPalacioz Realty & AssociatesMore Info
805-588-7653

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.