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Listed by Michael Puhek Re/Max Success
$ 975,000
Est. payment | /mo
43,560 SqFt
$ 975,000
Est. payment | /mo
43,560 SqFt
Key Details
Property Type Other Types
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 43,560 sqft
Price per Sqft $22
MLS Listing ID 26000136
Lot Size 1.000 Acres
Acres 1.0
Property Sub-Type Multi Family
Source North Santa Barbara County Regional MLS
Property Description
RE/MAX Commercial is pleased to offer the sale of a prime multifamily development parcel located at 109 South Third Street in Lompoc This one-acre site (Fidelity Passport Report), presents a compelling residential development opportunity in a well-established area of Southeast Lompoc.
The property is zoned R-3 PD and is flat, level, and highly buildable with utilities readily available at the street--an ideal foundation for a thoughtful multifamily project.
In 2021 the City of Lompoc approved a Mission-style townhome community known as Castillo de Rosas Townhomes. The approved plan envisioned: 24 two-story residential townhome units with three bedrooms and two and one-half baths per unit, and individual two-car garages. A cohesive Mission-inspired architectural design.
Per 1/29/26 meeting with the City of Lompoc Planning department, planning entitlements are valid through June 17th, 2026. Map is valid until June 17th, 2027 with an additional 2-year extension available. Given the passage of time and evolving housing needs, buyer prospects are encouraged to engage directly with the City as well as the State new guidelines to explore additional density opportunities.
The location enhances the appeal: Prime Southeast Lompoc setting with close proximity to West Ocean Avenue and Hwy 1. Convenient access to the medical district, nearby Hapgood Elementary School, and established residential surroundings with neighborhood continuity.
About Lompoc and the region: Lompoc continues to gain attention as a coastal California community offering a rare balance of affordability, growth potential, and lifestyle appeal. Known for its open skies, agricultural roots, and proximity to the Pacific, the city benefits from regional drivers including Vandenberg Space Force Base, expanding medical services, and steady demand for quality workforce and family housing. Its location along the Central Coast places residents within reach of Santa Barbara, Santa Ynez wine country, and the rugged beauty of the Gaviota coastline.
This offering represents a near turnkey development opportunity in a city that values smart growth and community-oriented development. Why wait? Explore the potential and start shaping Lompoc's next residential chapter today.
Buyer and Buyer's agent to verify all information with City of Lompoc.
The property is zoned R-3 PD and is flat, level, and highly buildable with utilities readily available at the street--an ideal foundation for a thoughtful multifamily project.
In 2021 the City of Lompoc approved a Mission-style townhome community known as Castillo de Rosas Townhomes. The approved plan envisioned: 24 two-story residential townhome units with three bedrooms and two and one-half baths per unit, and individual two-car garages. A cohesive Mission-inspired architectural design.
Per 1/29/26 meeting with the City of Lompoc Planning department, planning entitlements are valid through June 17th, 2026. Map is valid until June 17th, 2027 with an additional 2-year extension available. Given the passage of time and evolving housing needs, buyer prospects are encouraged to engage directly with the City as well as the State new guidelines to explore additional density opportunities.
The location enhances the appeal: Prime Southeast Lompoc setting with close proximity to West Ocean Avenue and Hwy 1. Convenient access to the medical district, nearby Hapgood Elementary School, and established residential surroundings with neighborhood continuity.
About Lompoc and the region: Lompoc continues to gain attention as a coastal California community offering a rare balance of affordability, growth potential, and lifestyle appeal. Known for its open skies, agricultural roots, and proximity to the Pacific, the city benefits from regional drivers including Vandenberg Space Force Base, expanding medical services, and steady demand for quality workforce and family housing. Its location along the Central Coast places residents within reach of Santa Barbara, Santa Ynez wine country, and the rugged beauty of the Gaviota coastline.
This offering represents a near turnkey development opportunity in a city that values smart growth and community-oriented development. Why wait? Explore the potential and start shaping Lompoc's next residential chapter today.
Buyer and Buyer's agent to verify all information with City of Lompoc.
Location
State CA
County Santa Barbara
Exterior
Private Pool No
Building
Foundation None
Others
Senior Community No
Tax ID 085-150-047
Acceptable Financing Cash
Listing Terms Cash
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