F 112116 St Lompoc, CA 93436

Property Details for F 112116 St

Property size

6,699 SF

Property type

Commercial real estate

Description

This exceptional 6,699 square foot commercial building, constructed in 2006, presents a unique investment opportunity in the thriving city of Lompoc, California. Currently configured as a three-unit commercial space totaling 5,895 square feet, this property is situated on a sizable 17,424 square foot lot, offering ample space and potential for expansion. Its Mixed Use (MU) zoning designation unlocks significant possibilities, including the city-approved conversion into an eight-unit apartment complex comprising four one-bedroom, one-bathroom units and four two-bedroom, one-bathroom units. This adaptability makes it ideal for owner-occupiers seeking retail or office space, or for investors looking for strong rental income with an existing tenant. The property boasts 26 on-site parking spaces, a significant advantage in a high-traffic area. Its strategic location near major transportation routes ensures excellent accessibility and visibility. This is a rare opportunity to acquire a flexible, high-value asset with substantial upside potential in a desirable California market. The property's size, zoning, and location combine to create a compelling investment prospect with diverse possibilities for future development and income generation.