Downtown Multi-tenant Retail & Office Center
Office | 12,738 SqFt
Marketing description
College Square is a neighborhood retail and office center located on East College Avenue just off the North H Street corridor in Lompoc, California. The property offers clean, vibrant retail and office suites within a well-established multi-tenant center serving surrounding residential neighborhoods and local businesses.
The property consists of approximately 12,738 square feet of retail and office space within a single-story building constructed in 1985. The center features a mix of service, retail, and professional tenants including restaurants, insurance offices, specialty food retailers, and personal service businesses.
College Square benefits from excellent accessibility and visibility along East College Avenue with convenient ingress and egress and a private surface parking lot providing approximately 62 spaces for tenants and customers.
The property offers tenants an attractive neighborhood retail environment with pylon signage opportunities, strong walkability, and proximity to the North H Street commercial corridor, one of Lompoc’s primary retail arteries.
Investment highlights
Sale Price $2,350,000 ($184 PSF)
Cap Rate 5.86% in-place
Building Size 12,738 SF
Lot Size 38,768 SF (0.89 AC)
APN 087-131-011
Zoning PCD-Planned Commercial
Development
Parking Approx. 62 spaces
Restrooms Multiple (in retail sections)
Ceiling Height Approx. 20’
Year Built 1985
Occupancy 95%
Tenants Tom’s Burgers, Lompoc Bike
Works, Farmers Insurance,
Julia’s Salon, and more
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