Two-Suite Retail with Outdoor
117 S H ST Lompoc, CA 93436
117 S H ST, Lompoc, CA, 93436
$675,000
For Sale
$675,000
Two retail suites with an attached outdoor lot and private rear parking, offering flexible downtown use.
Property Size2,880 SF
Price / SF$234.38
Days on Market40
Property Features for 117 S H ST
General Information
- Standard status
- Active
- Size
- 2,880 SF
- Property subtype
- Commercial/Industrial
Listing agency
Radius Group Commercial R.E.
(805) 234-4008
Listed by
Jay Peet · License #01779282
(805) 234-4008
Source
Exitrealty
Added: Jun 12 Updated: Jul 20 at 7:19PM Checked: Jul 21 at 5:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Radius Group Commercial R.E.
Investment Insights
Based on property information with market context.
117 S H Street offers a flexible downtown retail building with two distinct retail suites totaling approximately 2,880 SF (two suites of approximately 1,440 SF). Suite one is configured as a wine bar/lounge with indoor seating and direct connectivity to the adjacent outdoor lot area. Suite two is improved as a salon space with upgraded flooring, wash stations, a reception area, and an open retail layout that can support a range of retail and service-oriented uses.
The property includes adjoining lots intended to support future development and expansion, subject to City approval. The outdoor area provides immediate usability for events, outdoor seating, entertainment space, food truck activation, pop-up retail, or future ground-up development. Additional site amenities include strong street frontage with pedestrian visibility, nearby public parking, and a private rear parking lot for convenient off-street parking.
The property is positioned in Old Town Lompoc’s primary downtown corridor near other retailers, restaurants, tasting rooms, and civic uses. Nearby national and regional tenants mentioned include Walmart Neighborhood Market, Dollar Tree, and Taco Bell.
The property includes adjoining lots intended to support future development and expansion, subject to City approval. The outdoor area provides immediate usability for events, outdoor seating, entertainment space, food truck activation, pop-up retail, or future ground-up development. Additional site amenities include strong street frontage with pedestrian visibility, nearby public parking, and a private rear parking lot for convenient off-street parking.
The property is positioned in Old Town Lompoc’s primary downtown corridor near other retailers, restaurants, tasting rooms, and civic uses. Nearby national and regional tenants mentioned include Walmart Neighborhood Market, Dollar Tree, and Taco Bell.
Key Highlights
- Mixed‑use retail building in Old Town Lompoc with strong downtown street frontage and pedestrian visibility.
- Two retail suites totaling about 2,880 SF (each about 1,440 SF), configured as separate retail spaces.
- Wine bar/lounge suite includes indoor seating and direct connectivity to an adjacent outdoor lot area.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.2k | $21.60 |
| − Vacancy | −$2.1k | −$0.71 |
| EGI | $60.2k | $20.89 |
| − OpEx | −$15.0k | −$5.22 |
| NOI | $45.1k | $15.67 |
2,880 SF · lease $21.60/SF/yr · vacancy 3.30% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$644.5K
$564.0K – $751.9K
NOI $45,116 @ 7.0% cap · market cap 6.68%
Second Best
Retail
$639.4K
$559.4K – $745.9K
NOI $44,755 @ 7.0% cap · market cap 6.63%
Theoretical Best
Multifamily LT 5
$903.9K
$790.9K – $1.05M
NOI $63,274 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
PCH STREET
Hair Salon
Similar For Sale Nearby
Similar Off Market Nearby
- A Little Something Special and More — 109 N H St, Lompoc, CA 93436
- Lompoc Valley Florist — 322 N H St SUITE A, Lompoc, CA 93436
FAQs
What type of property is this?
Storefront property - Two retail suites with an attached outdoor lot and private rear parking, offering flexible downtown use.
Where is this storefront property located?
The property is located at 117 S H ST Lompoc, CA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Mixed‑use retail building in Old Town Lompoc with strong downtown street frontage and pedestrian visibility.; Two retail suites totaling about 2,880 SF (each about 1,440 SF), configured as separate retail spaces.; Wine bar/lounge suite includes indoor seating and direct connectivity to an adjacent outdoor lot area.
