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    242 Commonwealth Ave Fullerton, CA 92832

    For Sale
    $2,100,000

    Prime Fullerton land, 13,504 sq ft, development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 13,504 square foot commercial land parcel, located at 242 E Commonwealth Avenue in Fullerton, California (APN 033-032-26), presents a compelling investment opportunity. Zoned SPD, this property boasts a highly visible corner location at the signalized intersection of Commonwealth and Lemon Streets, ensuring excellent exposure for any future development. The site's previous use as a convenience store and gas station (gas station use is no longer permitted) makes it ideally suited for a variety of commercial ventures. The property's prime location offers significant advantages, including proximity to the Fullerton Transportation Center and the amenities of Downtown Fullerton, enhancing its appeal to potential businesses and customers. This is a rare chance to acquire a substantial parcel of land in a thriving area, perfect for projects requiring high visibility and convenient access. The site's potential uses include, but are not limited to, drive-thru businesses and EV charging stations. This is a remarkable opportunity to capitalize on the strong demand for commercial development in this desirable Fullerton location. The asking price is $2,100,000.

    Property Features for 242 Commonwealth Ave

    General Information

    Property type
    Land

    HighLights

    • Prime drive‑thru development opportunity.
    • Excellent location on a major Fullerton thoroughfare with high visibility at the signalized intersection of Commonwealth and Lemon Streets.
    • Walking distance to the Fullerton Transportation Center and Downtown Fullerton amenities.
    • Gas station use is not permitted.
    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
    -117.9200945
    Latitude
    33.8700933

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    FAQs

    What type of property is this?
    Land - Prime Fullerton land, 13,504 sq ft, development opportunity.
    Where is this land located?
    The property is located at 242 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.; Excellent location on a major Fullerton thoroughfare with high visibility at the signalized intersection of Commonwealth and Lemon Streets.; Walking distance to the Fullerton Transportation Center and Downtown Fullerton amenities.
    (714) 446-0600
    Request Owner's contact information
    242 Commonwealth Ave Fullerton, CA 92832
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    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 Commonwealth Ave Fullerton, CA 92832
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