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115 E College Ave
Lompoc, CA 93436
College Center · Retail Property For Sale
Investment Highlights
- Located near North H Street corridor, serving surrounding residential neighborhoods and local businesses.
- Approximately 62 on-site parking spaces provide convenient customer access.
- Established tenant synergy with restaurants, specialty foods, insurance offices, and professional services.
- Single-story shopping center with flexible suites for retail, office, and service uses.
- Excellent signage opportunities enhance tenant visibility and brand exposure.
- Highly walkable environment with a Walk Score of 92.
Executive Summary
College Square is a neighborhood retail and office center located on East College Avenue just off the North H Street corridor in Lompoc, California. The property offers clean, vibrant retail and office suites within a well-established multi-tenant center serving surrounding residential neighborhoods and local businesses.
The property consists of approximately 12,738 square feet of retail and office space within a single-story building constructed in 1985. The center features a mix of service, retail, and professional tenants including restaurants, insurance offices, specialty food retailers, and personal service businesses.
College Square benefits from excellent accessibility and visibility along East College Avenue with convenient ingress and egress and a private surface parking lot providing approximately 62 spaces for tenants and customers.
The property offers tenants an attractive neighborhood retail environment with pylon signage opportunities, strong walkability, and proximity to the North H Street commercial corridor, one of Lompoc’s primary retail arteries.
Sale Price $2,350,000 ($184 PSF)
Cap Rate 5.86% in-place
Building Size 12,738 SF
Lot Size 38,768 SF (0.89 AC)
APN 087-131-011
Zoning PCD-Planned Commercial
Development
Parking Approx. 62 spaces
Restrooms Multiple (in retail sections)
Ceiling Height Approx. 20’
Year Built 1985
Occupancy 95%
Tenants Tom’s Burgers, Lompoc Bike
Works, Farmers Insurance,
Julia’s Salon, and more
To Show Call listing agent
The property consists of approximately 12,738 square feet of retail and office space within a single-story building constructed in 1985. The center features a mix of service, retail, and professional tenants including restaurants, insurance offices, specialty food retailers, and personal service businesses.
College Square benefits from excellent accessibility and visibility along East College Avenue with convenient ingress and egress and a private surface parking lot providing approximately 62 spaces for tenants and customers.
The property offers tenants an attractive neighborhood retail environment with pylon signage opportunities, strong walkability, and proximity to the North H Street commercial corridor, one of Lompoc’s primary retail arteries.
Sale Price $2,350,000 ($184 PSF)
Cap Rate 5.86% in-place
Building Size 12,738 SF
Lot Size 38,768 SF (0.89 AC)
APN 087-131-011
Zoning PCD-Planned Commercial
Development
Parking Approx. 62 spaces
Restrooms Multiple (in retail sections)
Ceiling Height Approx. 20’
Year Built 1985
Occupancy 95%
Tenants Tom’s Burgers, Lompoc Bike
Works, Farmers Insurance,
Julia’s Salon, and more
To Show Call listing agent
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
12,738 SF
Building Class
B
Year Built
1985
Price
$2,350,000
Price Per SF
$184.49
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
0.89 AC
Opportunity Zone
Yes
Zoning
PCD - Planned Commercial Development
Parking
62 Spaces (4.87 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 087-131-011 | Improvements Assessment | $1,896,380 |
| Land Assessment | $624,688 | Total Assessment | $2,521,068 |
Property Taxes
Parcel Number
087-131-011
Land Assessment
$624,688
Improvements Assessment
$1,896,380
Total Assessment
$2,521,068
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