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Key Details
Sold Price $215,000
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SC21240866
Sold Date 02/08/22
HOA Y/N No
Lot Size 8,712 Sqft
Acres 0.2
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.
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.
Location
State CA
County Santa Barbara
Area Lompoc (93436)
Building
Lot Description Curbs, Sidewalks
Lot Size Range 7500-10889 SF
Others
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
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Bought with NON LISTED AGENT • San Diego
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