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Property profile & analytics
FOR SALE
Retail space

1524 W Commonwealth Ave Fullerton, CA 92833

2,808 SF 0.15 ac lot Built 1948
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-0967596
Property summary
AI-generated overview

This exceptional 2,808 square foot storefront, located at 1524 W Commonwealth Ave in Fullerton, California, presents a unique investment opportunity. Built in 1948, this single-story building sits on a prominent location in Orange County, boasting high visibility and excellent signage potential. The property includes a private gated parking lot, a significant advantage in a busy commercial area. Currently vacant, this space is ideal for an owner-user seeking a high-traffic location to establish or expand their business. The G-C zoning allows for a diverse range of commercial uses, providing flexibility for potential tenants. The asking price is $1,190,000. This prime Fullerton location offers unparalleled exposure and convenience, making it an attractive proposition for discerning investors and business owners alike. The property's single-unit structure simplifies management, while the secure parking lot adds significant value. Don't miss this chance to acquire a well-positioned retail space in a thriving California market. The 92833 zip code ensures easy access to major transportation routes and a strong customer base.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1948
Total area 2,808 SF
Lot 0.15 ac (6,750 SF)
APN 031-131-07
UPID US09-0967596
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Fullerton Dispensary (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$965k
CAP Approach CAP
$695k
Comparable Approach Comparable
$1.24M
Blend (final) Blend
$1.05M
Owner & transaction history
1524 W Commonwealth Avenue LLC · 3 yrs held
1524 W Commonwealth Avenue LLC
since 2022
Last sale
$1.1M
7 recorded transactions
2024
Price N/A
2022
$1.1M
2020
$615,000
2019
Price N/A
1989
$230,000
1989
Price N/A
1988
$75,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $1.3M +35.3%
Auto repair, garage $1.3M +28.6%
Office building $1.2M +23.7%
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More about this property
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