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Travis Breton

travisbreton@gmail.com +1(760) 470-2752

$ 339,000

Est. payment | -/mo

8,712 Sqft Lot

Save

$ 339,000

Est. payment | -/mo

Save

8,712 Sqft Lot

Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Active

Purchase Type For Sale

Subdivision South West Lmpc(54)

MLS Listing ID SR25277552

Lot Size 8,712 Sqft

Property Sub-Type Lots/Land

Property Description

Prime 0.40-Acre Empty land Development Opportunity in Historic Old Town Lompoc at I Street Includes Two Parcels. 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 Lompocs first postmaster. Over the years, it held several namesincluding the Veit House, Cousins Hotel, and Mastro's Colony Housebefore its demolition in 1989. Today, the site stands ready for a new chapter, offering a unique opportunity to revitalize a meaningful piece of Lompocs 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

Direction From Highway 246, make a left on I St. Property on Right

Interior

Fireplace No

Exterior

Utilities Available Other/Remarks

View Y/N No

Present Use Commercial

Others

Senior Community No

Tax ID 091103021

Acceptable Financing Cash, Seller May Carry

Listing Terms Cash, Seller May Carry

Listed by Steven Sarahang, DRE#01386940 Flat Fee Inc.

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA 92008, USA

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117 S I Lompoc, CA 93436