$285,000
$339,000 15.9%
Est. payment /mo
8,712 Sqft Lot
Sold on 09/30/2026
117 S I Lompoc, CA 93436
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Key Details
Sold Price $285,000
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Sold
Purchase Type For Sale
Subdivision South West Lmpc(54)
MLS Listing ID SR25277552
Sold Date 09/30/26
Lot Size 8,712 Sqft
Property Sub-Type Lots/Land
Property Description
Prime 0.40-Acre Empty land Development Opportunity in Historic Old Town Lompoc at I Street Includes Two Parcels. Discover a rare investment opportunity in the heart of Old Town Lompoc, Santa Barbara County. This flat, build-ready 0.40-acre land consists of two adjoining parcels (APNs 091-103-021 & 091-103-022) and offers exceptional development potential in a rapidly revitalizing area. Preliminary evaluation indicates the site could accommodate some commercial space and approximately 48 residential units, including 7 affordable units for low-income housing when considering AB 2001 Bill as well as density bonus incentives. No parking is required under these provisions, making this a highly versatile opportunity for developers looking to bring new residential and retail vitality to the downtown corridor. All information should be confirmed with the City of Lompoc and independently verified by the buyer. This land also carries rich historic significance. In 1875, it was home to the iconic Sherman Hotel, later known as the Colonial Inn, built by Lompocs first postmaster. Over the years, it held several namesincluding the Veit House, Cousins Hotel, and Mastro's Colony Housebefore its demolition in 1989. Today, the site stands ready for a new chapter, offering a unique opportunity to revitalize a meaningful piece of Lompocs past. With its central location, flat topography, and flexible development possibilities, this property is ideal for a thoughtfully designed residential or mixed-use project. Bring your vision to a site where history, community, and opportunity come together.
Location
State CA
County Santa Barbara
Direction From Highway 246, make a left on I St. Property on Right
Interior
Fireplace No
Exterior
Utilities Available Other/Remarks
View Y/N No
Others
Senior Community No
Tax ID 091103021
Acceptable Financing Cash, Seller May Carry
Listing Terms Cash, Seller May Carry
Listed by Steven Sarahang, DRE#01386940 Flat Fee Inc.
Bought with Steven Sarahang Flat Fee Inc.
Bought with Steven Sarahang Flat Fee Inc.
Nearby Locations