311-321 N 2nd Street, LOMPOC, CA 93436 (MLS# 26-1782)

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311-321 N 2nd Street, LOMPOC, CA 93436

$2,495,000

Property Type: Commercial Sale Square Footage: 12,000 Lot Size (sq. ft.): 21,780 Status: Active

Current Price: $2,495,000 List Date: 5/29/2026 Last Modified: 5/29/2026

Overview

Description

311-321 North 2nd Street presents a compelling investor or owner-user opportunity in one of the most in-demand product types: small-bay industrial. The buildings feature freespan ceilings, flexible loading, and ample onsite parking in a convenient Lompoc location. Currently at 50% occupancy, the property offering flexible acquisition strategies. An investor can execute a straightforward lease-up to stabilize and position for a refinance or exit. An owner-user can occupy one or more units and offset costs with income from the leased portion. The asset can be acquired at a 5.27% in-place cap with a clear path to 7.10% stabilized, underpinned by Lompoc's demand drivers including Vandenberg Space Force Base, regional agriculture, and a growing services sector.

Listing Details MLS# 26-1782

Location Info

District: 55 - LOMPOC
Street #: 311-321
Dir: N
Street Name: 2nd
Street Suffix: Street
State: CA
Country: US
Postal Code: 93436
Compass Map: Lompoc
Map Grid: I18
County: Santa Barbara
Parcel Number: 085-052-023
Cross Street: E Chestnut Ave

Contract Info

Price: 2495000
Begin Date: 2026-05-29

Property Information

TYP: Industrial
For Sale/Lease: For Sale
Gross Sq Ft: 12000
Total SqFt.: 12000
Apx Lot SqFt: 21780
Apx # Acres: 0.5
#Offices: 0

Remarks

Hot Sheet Comment: new

Owner Info

Deposit: 0

Zoning

Other: Yes

More Information

Terms

Other: Yes

Listing Type

ER: Yes

Property Features

Zoning: Other Terms: Other Listing Type: ER

Listing Office: Hayes Commercial Group

Last Updated: May - 29 - 2026

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