8,712 Sqft Lot
8,712 Sqft Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision South West Lmpc(54)
MLS Listing ID SR25277552
HOA Y/N No
Lot Size 8,712 Sqft
Property Description
Discover a rare investment opportunity in the heart of Old Town Lompoc, Santa Barbara County. This flat, build-ready 0.40-acre land consists of two adjoining parcels (APNs 091-103-021 & 091-103-022) and offers exceptional development potential in a rapidly revitalizing area.
Preliminary evaluation indicates the site could accommodate some commercial space and approximately 48 residential units, including 7 affordable units for low-income housing when considering AB 2001 Bill as well as density bonus incentives. No parking is required under these provisions, making this a highly versatile opportunity for developers looking to bring new residential and retail vitality to the downtown corridor.
All information should be confirmed with the City of Lompoc and independently verified by the buyer.
This land also carries rich historic significance. In 1875, it was home to the iconic Sherman Hotel, later known as the Colonial Inn, built by Lompoc's first postmaster. Over the years, it held several names—including the Veit House, Cousin's Hotel, and Mastro's Colony House—before its demolition in 1989. Today, the site stands ready for a new chapter, offering a unique opportunity to revitalize a meaningful piece of Lompoc's past.
With its central location, flat topography, and flexible development possibilities, this property is ideal for a thoughtfully designed residential or mixed-use project. Bring your vision to a site where history, community, and opportunity come together.
Location
State CA
County Santa Barbara
Area Lomp - Lompoc
Zoning Commercial/Mix
Interior
Fireplace No
Exterior
Community Features Curbs, Sidewalks
Utilities Available See Remarks
View Y/N Yes
View Mountain(s)
Present Use Commercial,Multi-Family
Building
Lot Description Level
Water Public
New Construction No
Others
Senior Community No
Tax ID 091103021
Acceptable Financing Cash, Cash to New Loan, Owner May Carry
Listing Terms Cash, Cash to New Loan, Owner May Carry
Special Listing Condition Standard
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
GET MORE INFORMATION
California Real Estate
Welcome to RiseRealtyCA.com, your one-stop source for California real estate.
Use our state-of-the-art property search, including an interactive map search, to find homes for sale in California. These listings are updated daily from the MLS.
Or, use our Community Guide to help you in your search for California real estate listings. Our community searches will keep you up to date with the latest properties in the areas you are interested in.
And, for your convenience, be sure to register for a free account to receive email notifications whenever new homes for sale come on the market that match your specific criteria, and save your favorite properties for quick and easy access whenever you need — it's fast, easy, automatic and FREE! With a Property Tracker account, you'll be among the first to know about the newest homes for sale in California.
Thanks for visiting RiseRealtyCA.com, home of exquisite properties and excellent service.