116 E College Avenue Lompoc CA 93436 | PI22027309

Here is a great opportunity to own a commercial building just off the main thoroughfare, H Street (Pacific Coast Highway), in Lompoc. Broad commercial zoning allows for many uses. All tenants are on month-to-month. This building can work multiple ways. This building works well as an owner/user occupancy or partial owner/user with 22 spaces providing ample parking for service vehicles or employees and customers (call for details on parking easement). Current rents are below market. Occupy your building and have your tenants help you with mortgage payments. Rents can be raised organically or you can remodel and collect higher market rents. There are bathrooms in all units with the exception of a shared bathroom in Suite A-A1. There is a quaint outdoor patio in the rear of the building which can be used for employee breaks or additional outdoor storage for owner/users. Please do not disturb tenants. Interior tours with acceptable offer only.

Property Details

Price:
$599,000 / $570,000
MLS #:
PI22027309
Status:
Closed (May 11, 2022)
Address:
116 E College Avenue
Type:
Commercial
City:
Lompoc
Listed Date:
Feb 10, 2022
State:
CA
ZIP:
93436
Year Built:
1980

Schools

Interior

Heating
Forced Air

Exterior

Roof
Flat
Stories Total
1
Water Source
Public

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116 E College Avenue
Lompoc, CA