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117 S I Street

Lompoc, CA 93436
  • $285,000
  • STATUS: Pending
  • ON SITE: 85 Days
  • ID#: SC21240880
Pending
$285,000
  • 0
    BEDS
  • 0.4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Listing Agent(s): Kyle Jones of Archer Wilkinson, Inc. (805-439-3269) and Patrick Wilkinson of Archer Wilkinson, Inc.(805-439-3269)


Description

This is a rare chance to own 2 empty lots within Lompocs Old Town Commercial Zone. Both lots are being sold together and are located smack dab in the center of the beautiful downtown community. We believe the highest and best use for these lots is to be used as Multifamily with some affordable housing. There are many factors that would benefit the owner of these lots for this use type. There is a maximum density of 17 residential units and with the inclusion of affordable housing there are density bonuses of up to a 35% increase or 23 units total. Additionally, off-street parking requirements are excluded if the development is permitted by December 2022.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-27T00:26:42.977. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Veronica Encinas Team | Coldwell Banker Realty. Licensed in the State of California, USA.
www.encinashomes.com/homes/122977868
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117 S I Street Lompoc, CA 93436

  • Price: $285,000
  • Status: Pending
  • On Site: 85 Days
  • ID#: SC21240880
0
Beds
0
Baths
0
½ Baths
0.4
Acres
Neighborhood:
LOMP - Lompoc
County:
Santa Barbara
Area:
LOMP - Lompoc
Property Description
This is a rare chance to own 2 empty lots within Lompocs Old Town Commercial Zone. Both lots are being sold together and are located smack dab in the center of the beautiful downtown community. We believe the highest and best use for these lots is to be used as Multifamily with some affordable housing. There are many factors that would benefit the owner of these lots for this use type. There is a maximum density of 17 residential units and with the inclusion of affordable housing there are density bonuses of up to a 35% increase or 23 units total. Additionally, off-street parking requirements are excluded if the development is permitted by December 2022.
Property Features

Additional Parcels YN Yes Common Interest None Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Property Sub Type Multi Family Special Listing Conditions Standard Utilities None Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-27T00:26:42.977. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Veronica Encinas Team | Coldwell Banker Realty. Licensed in the State of California, USA.
 
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Veronica Encinas Team | Coldwell Banker Realty
840 Newport Center Drive, Ste. 100
Newport CA, 92660
Listing Agent(s): Kyle Jones of Archer Wilkinson, Inc. (805-439-3269) and Patrick Wilkinson of Archer Wilkinson, Inc.(805-439-3269)