1120 Ocean Ave Lompoc, CA 93436-7046
- Turn key restaurants
- 0.15 lot acres
Current Use by Public Records
- Dick DeWees Community and Senior Center / Senior Citizen Center / Community Center
- Fosters Freeze / Fast Food Restaurant / Fish & Chips Restaurant
- COVID-19 Vaccine Location - Dick DeWees Community & Senior Center / Medical Laboratory
- Iglesia del nombre de Jesús, Casa de Dios Puerta del Cielo / Church
- Everyday Church / Place Of Worship
Property Details for 1120 Ocean Ave
- Lot size
- 0.15 lot acres
- Property type
- Turn key restaurants
- APN
- 085-191-006
- APU
- 85191006
Description
This exceptional 2,496 square foot free-standing restaurant building is ideally situated on East Ocean Avenue in Lompoc, California, boasting significant visibility and high traffic counts. The property features a convenient drive-thru, making it an attractive option for various quick-service restaurant concepts. The expansive lot size of 13,068 square feet provides ample space for outdoor seating or future expansion. The building is zoned for restaurant use, ensuring a seamless transition for prospective buyers. The property's robust 400 AMP power supply caters to the demands of a busy restaurant operation. The property's address is 1120 E Ocean Ave, Lompoc, CA 93436, and is identified by APN numbers 085-191-006 and 085-191-005. This single-tenant property presents a unique opportunity for investors and restaurateurs seeking a well-established location with high visibility and strong potential for growth. The property's strategic placement along Ocean Boulevard ensures maximum exposure to a large volume of daily traffic. This turnkey operation is ready for immediate occupancy and offers a compelling investment opportunity in a thriving market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $305,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $435,000
- 6.5%
- $385,000
- 7%
- $400,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $440,000
- Geo Method
- $375,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $435,000
- Retail
- $405,000
- Mixed-Use
- $435,000
- Hospitality
- $395,000
- Educational
- $440,000
- Residential Income
- $385,000
- Energy
- $470,000
- Income-Based Land
- $405,000
- Food Service
- $370,000
Location Insight
- Map
- Local Demand
- City
- Lompoc
- County
- Santa Barbara
- State
- California
- Longitude
- -120.444
- Latitude
- 34.6386
- CBSA code
- 42200
- CBSA name
- SANTA MARIA-SANTA BARBARA, CA METROPOLITAN STATISTICAL AREA
