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Listed by Steven Sarahang • Flat Fee Inc.
$ 339,000
Est. payment /mo
New
117 S I Lompoc, CA 93436
8,712 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR25277552
Lot Size 8,712 Sqft
Property Sub-Type Other Residential Land
Source California Regional MLS
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 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 opport
Location
State CA
County Santa Barbara
Area Lomp - Lompoc
Zoning LL
Exterior
Utilities Available Other
View Hills
Building
Lot Description Grade - Level
Water District - Public
Others
Tax ID 091103021
Special Listing Condition Not Applicable
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