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105-109 W Ocean Ave 109 W Ocean Ave 5,000 SF Retail Building Lompoc, CA 93436 $850,000 ($170/SF) 6% Cap Rate
Investment Highlights
- Heavy traffic
- Old Town district
Executive Summary
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.
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,000 SF
Building Class
C
Year Built/Renovated
1900/1960
Price
$850,000
Price Per SF
$170
Cap Rate
6%
NOI
$51,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.72
Lot Size
0.16 AC
Opportunity Zone
Yes
Parking
9 Spaces (1.8 Spaces per 1,000 SF Leased)
Frontage
55’ on W Ocean Ave
Amenities
- Signage
- Air Conditioning
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (87)
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $158,935 | |
| Land Assessment | $75,070 | Total Assessment | $234,005 |
Property Taxes
Parcel Numbers
Land Assessment
$75,070
Improvements Assessment
$158,935
Total Assessment
$234,005
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Presented by
Palacioz Realty & Associates
105-109 W Ocean Ave | 109 W Ocean Ave
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