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Property profile & analytics
OFF-MARKET
Turn key restaurants

1120 Ocean Ave Lompoc, CA 93436-7046

0.15 ac lot
Entity Owned 16-yr Hold ~ Est. High Equity
Property ID
US09-1155601
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Lot 0.15 ac (6,534 SF)
APN 085-191-006
UPID US09-1155601
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dick DeWees Community and Senior Center Community Center
  • Fosters Freeze Grocery & Convenience Store Specialty Food Shop
  • 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 Church Mosque
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Bolusan Properties LLC · 16 yrs held
Bolusan Properties LLC
since 2009
3 recorded transactions
2009
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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