200 N H Street | Lompoc

Status: For Sale
Property Type: Office/Retail with 200’ of Frontage
Price: $1,600,000 ($154/SF)
Building Size: 10,392 SF
Land Area: 43,560 SF
Zoning: OTC, MU

www.200NHStreet.com

Owner-User Office/Retail or Development Opportunity

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire the fee-simple interest in 200 North H Street, (“the Property”), located in the city of Lompoc. The 10,392 square foot structure sits on a signalized corner parcel of Old Town Commercial (OTC) zoned land of approximately 28,000 square feet.  The offering also includes two adjacent parcels of paved, landscaped and lighted parking lots adding another 15,682 square feet of Mixed Use (MU) zoned land.  In total the project includes approximately one acre of land.

First Valley Bank constructed the original building in 1973 and expanded the facility in 1987 to accommodate their growth.  The property was subsequently occupied by Montecito Bank & Trust and Union Bank and is now vacant. The Property benefits from over 200 feet of frontage along Pacific Coast Highway, North H Street and another 200 plus feet of frontage along Walnut. Sitting at the north east corner of a signalized intersection with six points of entry/exit, the access couldn’t be easier.  The existing improvements include 4 lanes of drive-through service which opens the door for future drive through uses, subject to receipt of a conditional use permit. This high-visibility property allows an owner-user or developer flexibility to repurpose the property for a wide variety of uses. The Property is located in Santa Barbara County, about 8.5 miles to the beach, and benefits from its immediate proximity to the area’s abundant agriculture, aerospace and defense industries. Tourism is a growing industry with nearby wineries, vineyards, tasting rooms and golf. Located on the main thoroughfare of North H Street, (Pacific Coast Highway) the Property’s location makes it a desirable asset serving the local population and visitors alike.