Turnkey Retail / Dispensary Opportunity | Onsite Consumption License | Prime Corridor Location

1129 North H Street, Lompoc, CA 93436

Executive Summary

This freestanding 6,121 SF commercial asset in Lompoc, California represents a rare, fully entitled opportunity for retail, restaurant, or cannabis operators seeking a high-visibility, infrastructure-ready location. Strategically positioned at 1129 North H Street, the property sits in a prime retail corridor directly between Embassy Suites and Hilton Garden Inn, benefiting from consistent consumer traffic, tourism flow, and daily commuter exposure. With approximately 17,000 vehicles per day, the site offers exceptional branding and accessibility.

What truly differentiates this offering is the presence of a highly coveted onsite consumption license, creating a significant competitive advantage in a tightly regulated market. The building was most recently utilized as a dispensary and hospitality concept, and is already equipped with extensive improvements, including kitchen infrastructure, bar/lounge areas, and flexible interior layout configurations. From an operational standpoint, the property offers a plug-and-play opportunity for an operator to launch quickly with minimal additional capital investment. Alternatively, investors can reposition the asset to capture value through tenant leasing, brand activation, or hybrid retail concepts. With limited availability of licensed consumption locations in California, combined with strong surrounding demographics and national retail co-tenancy, this asset presents a unique blend of entitlement value, location strength, and experiential upside.

Opportunity Details

• 6,121 SF freestanding commercial building with strong street presence

• Rare onsite consumption license in place — extremely limited and high barrier to entry

• Previously operating as a dispensary + restaurant hybrid concept

• High-visibility “Ground Zero” location between Embassy Suites and Hilton Garden Inn

• Positioned along a major retail corridor with ~17,000 cars per day (ADT)

• Fully built-out infrastructure including kitchen, bar/lounge, and service areas

• ~200 seating capacity enabling experiential retail or hospitality-driven concepts

• Ample parking: 18 onsite + ~200 shared spaces with adjacent center

• Located within Planned Commercial Development (PCD) zoning

• Surrounded by national retailers, hotels, and dense residential base