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    242 E Commonwealth Ave Fullerton, CA 92832

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    For Sale
    $2,100,000

    Land for development near Fullerton Transportation Center and Downtown.

    Property size:
    13,498 SF
    Lot size:
    13.00 Acres

    Property Features for 242 E Commonwealth Ave

    General Information

    Size
    13,498 SF
    Lot size
    13.00 Acres

    Building Details

    Year built
    1973

    Source: Cameron Irons Agent Cameron Irons

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fullerton Land Development Opportunity

    This property, located at the hard corner of Commonwealth Avenue and Lemon Street in Fullerton, CA, presents a development opportunity. The site, formerly a C-store/gas station, is situated on a major thoroughfare and benefits from high visibility at a signalized intersection. The property's size is 13498 square feet. It is within walking distance of the Fullerton Transportation Center and Downtown Fullerton's amenities. Potential uses include drive-thru businesses and EV charging stations. Please note that gas station use is not permitted at this site.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Star Certified Smog ... Smog Inspection Station Rollings Automotive Auto Repair Shop

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fullerton
    County
    Orange
    State
    California
    Longitude
    -117.9202383
    Latitude
    33.8700699

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    FAQs

    What type of property is this?
    Commercial land - Land for development near Fullerton Transportation Center and Downtown.
    Where is this commercial land located?
    The property is located at 242 E Commonwealth Ave Fullerton, CA.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: - Prime drive-thru development opportunity.; - Located at the **hard corner of Commonwealth Ave and Lemon Street.**; - Excellent location on major Fullerton thoroughfare.
    (714) 404-5256
    Request Owner's contact information
    242 E Commonwealth Ave Fullerton, CA 92832
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    242 E Commonwealth Ave Fullerton, CA 92832
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