Special Purpose Property for Sale - Religious and Residential and Apartments - Lompoc, California ID: 7243354612

First time on the market since 1969. Approx. 5,711 SF sanctuary on approx. 2.65 acres with 4-acre assemblage potential. Available for the first time since 1969. Set on approx. 2.65 acres along West Ocean Avenue, the approx. 5,711 square foot Peace Lutheran Church campus offers a rare combination of established community presence, generous land, and genuine flexibility for its next owner ~ an opportunity that has not come to market in more than nearly six decades. The property is adjacent to Ryon Memorial Park ~ a 22.5-acre city park with expansive lawns, mature shade trees, a walking trail and playgrounds, and the longtime home of the Lompoc Valley Flower Festival. Few properties anywhere in the Valley enjoy this kind of permanent open-space setting on multiple sides. Directly across Ocean Avenue is the United Boys & Girls Club of Santa Barbara. With well-established single-family neighborhoods just beyond and downtown Lompoc, schools and services minutes away, this is one of the most family-oriented and pedestrian-friendly corridors in the Lompoc Valley ~ an ideal setting for a congregation, a school, or a new residential development. Assemblage & Redevelopment Upside: An adjacent, approx. 1.36-acre vacant parcel (APN 091-110-047) could be made available separately for assemblage, creating a potential contiguous site of approximately four acres. Both parcels are zoned R-2, Medium Density Residential, under a Medium Density Residential General Plan designation, with a Planned Development (PD) Overlay on the adjacent parcel. R-2 allows duplex and multi-family development at 6.2 to 14.5 dwelling units per net acre, so the combined site presents a compelling redevelopment opportunity in a market where developable in-town land is increasingly scarce. A Preference for Continued Ministry: While the redevelopment potential is real, the Seller’s stated preference is that the property continue to serve as a house of worship. Peace Lutheran would like to welcome another church congregation as the next steward of this campus. In-Place Tenancy: An established Montessori school currently occupies classroom space on the campus and would like to remain in place as a tenant — offering immediate income to a buyer. The school is prepared to be relocated if a buyer requires full occupancy. Property Notes: Originally constructed in the late 1960s, the 5,711 square foot building offers sanctuary, 3 classrooms, vestibule, 2 dressing rooms, crying room, a private pastor's study room, administrative office and a large open fellowship space with a kitchen, with ample onsite parking. The property is offered strictly in “As-is, Where-is” condition, with buyer to satisfy itself as to condition, zoning, entitlements and development potential. Offered at $1,200,000 for the church parcel (APN 091-110-059, 2.65 acres). The adjacent 1.36-acre parcel could be made available separately; contact Listing Agents for further information.