224 North A Street & 812 East Chestnut Avenue | Lompoc, CA

Status: For Sale
Property Type: Land - 2 Parcels
Price: $2,600,000
Square Feet: 138,520
Price/SF: $18.77
Zoning: Industrial

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire the fee-simple interest in 224 North A Street and 812 East Chestnut Avenue (“the Property”), located in the city of Lompoc. The Property is located in Santa Barbara County and benefits from its immediate proximity to the areas abundant wineries and vineyards. Located just off the main thoroughfare of East Ocean Avenue (CA-246), the Property’s infill location makes it a desirable site for future development.

The Property consists of two separate parcels totaling 3.18 acres of industrial zoned land. The 224 North A Street parcel currently has a 2,600 quare foot retail building leased to City Appliance, a 2,000 square foot 2 bed + 2 bath residential building, and a 7,000 SF industrial warehouse. These structures provide an investor income during the development process. Due to the City of Lompoc’s recent legalization of recreational cannabis, industrial buildings and land are increasingly more rare and sought after. This a unique opportunity to acquire two parcels with frontage on three different streets in the heart of Lompoc.

Additionally, the adjacent 125,017 square foot parcel of land zoned Business Park is also available for purchase.