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Fosters Freeze 1120 E Ocean Ave 2,681 SF Retail Building Lompoc, CA 93436 $1,999,950 ($745.97/SF)
INVESTMENT HIGHLIGHTS
- Own a piece of an iconic brand with the Foster Freeze location in Lompoc with the business value included.
- Unlock access to a strong consumer base with area spending exceeding $552 million within a 5-mile radius.
- Sought-after site offering excellent frontage on Cabrillo Highway, which sees more than 15,750 vehicles pass by each day.
- Perched in a retail-dense corridor with several local businesses as well as Starbucks, The Home Depot, and several hotels.
EXECUTIVE SUMMARY
Take advantage of this prime opportunity to own a Fosters Freeze location in a well-known, established setting.
Located at 1120 E. Ocean Avenue, this site has become an iconic part of the community and a recognizable destination for loyal customers. The restaurant features cozy, retro interiors that reflect the brand’s timeless charm and have remained a staple of its identity. The building has a simple brick facade that offers low maintenance and durability over time.
A signature Fosters Freeze sign sits atop the structure, greeting passing vehicles and adding to the site’s nostalgic curb appeal. The property also includes a drive-thru and a monument sign, both of which enhance visibility, increase convenience, and support continued business success. This is a rare chance to acquire a proven location with strong local recognition and built-in value.
Fosters Freeze has been a California tradition since the mid 1940's. The Fosters story begins in 1946 when George Foster opened the first Fosters Freeze in Inglewood, California. He introduced the soft serve cone and a line of soft serve desserts. The unique product became so popular that he opened a chain of restaurants. As California grew, so did the Fosters concept. Made-to-order hamburgers, fries and other food items were added to the menu. Now, Fosters Freeze operates 64 locations across the state of California.
Lompoc is a serene community along California’s scenic Central Coast. The property is conveniently located near major travel routes, including Highways 1 and 246, offering easy connectivity to Santa Maria and Santa Barbara. This site features excellent frontage and benefits from strong daily traffic counts. Nearby demand drivers include Vandenberg Space Force Base, which brings steady employment and regional activity. The area is also home to a variety of national and local retailers and restaurants, contributing to consistent foot traffic and commercial appeal.
Located at 1120 E. Ocean Avenue, this site has become an iconic part of the community and a recognizable destination for loyal customers. The restaurant features cozy, retro interiors that reflect the brand’s timeless charm and have remained a staple of its identity. The building has a simple brick facade that offers low maintenance and durability over time.
A signature Fosters Freeze sign sits atop the structure, greeting passing vehicles and adding to the site’s nostalgic curb appeal. The property also includes a drive-thru and a monument sign, both of which enhance visibility, increase convenience, and support continued business success. This is a rare chance to acquire a proven location with strong local recognition and built-in value.
Fosters Freeze has been a California tradition since the mid 1940's. The Fosters story begins in 1946 when George Foster opened the first Fosters Freeze in Inglewood, California. He introduced the soft serve cone and a line of soft serve desserts. The unique product became so popular that he opened a chain of restaurants. As California grew, so did the Fosters concept. Made-to-order hamburgers, fries and other food items were added to the menu. Now, Fosters Freeze operates 64 locations across the state of California.
Lompoc is a serene community along California’s scenic Central Coast. The property is conveniently located near major travel routes, including Highways 1 and 246, offering easy connectivity to Santa Maria and Santa Barbara. This site features excellent frontage and benefits from strong daily traffic counts. Nearby demand drivers include Vandenberg Space Force Base, which brings steady employment and regional activity. The area is also home to a variety of national and local retailers and restaurants, contributing to consistent foot traffic and commercial appeal.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,681 SF
Building Class
B
Year Built
2000
Price
$1,999,950
Price Per SF
$745.97
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.31 AC
Parking
18 Spaces (6.71 Spaces per 1,000 SF Leased)
Frontage
111’ on E Ocean Ave
AMENITIES
- Pylon Sign
- Signage
Walk Score®
Very Walkable (73)
Bike Score®
Very Bikeable (70)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
13,441
41,152
52,401
57,624
2029 Population
13,318
40,694
51,833
56,680
2024-2029 Projected Population Growth
-0.9%
-1.1%
-1.1%
-1.6%
Median Age
35.2
34.1
36.3
35.8
College Degree + Higher
11%
13%
14%
11%
Daytime Employees
5,392
12,575
14,457
15,977
Total Businesses
861
1,741
1,935
2,183
Average Household Income
$73,131
$79,654
$87,228
$93,321
Median Household Income
$56,530
$63,129
$68,741
$74,164
Total Consumer Spending
$138.2M
$425.9M
$552.2M
$606.8M
2024 Households
4,633
13,875
16,865
18,566
Average Home Value
$436,747
$426,536
$454,788
$535,555
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $408,795 | |
| Land Assessment | $207,546 | Total Assessment | $616,341 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$207,546
Improvements Assessment
$408,795
Total Assessment
$616,341
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New America Realty
Fosters Freeze | 1120 E Ocean Ave
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