117 S I St Lompoc, CA 93436
Estimated payment $2,121/month
Highlights
- Mountain View
- No HOA
- Level Lot
About This Lot
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 Lompoc’s first postmaster. Over the years, it held several names—including the Veit House, Cousin’s Hotel, and Mastro's Colony House—before its demolition in 1989. Today, the site stands ready for a new chapter, offering a unique opportunity to revitalize a meaningful piece of Lompoc’s 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.
Listing Agent
Flat Fee Inc. Brokerage Phone: 818-402-4266 License #01386940 Listed on: 12/17/2025
Property Details
Property Type
- Land
Lot Details
- 8,712 Sq Ft Lot
- Level Lot
- 091-103-022
- Property is zoned Commercial/Mix
Property Views
- Mountain Views
Community Details
- No Home Owners Association
- South West Lmpc Subdivision
Listing and Financial Details
- Assessor Parcel Number 091103021
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/17/2025 12/17/25 | For Sale | $349,999 | +62.8% | -- | |
| 02/08/2022 02/08/22 | Sold | $215,000 | -24.6% | -- | View Prior Sale |
| 01/15/2022 01/15/22 | Pending | -- | -- | -- | |
| 12/20/2021 12/20/21 | For Sale | $285,000 | 0.0% | -- | |
| 11/10/2021 11/10/21 | Pending | -- | -- | -- | |
| 11/02/2021 11/02/21 | For Sale | $285,000 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR25277552
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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