Technical
Financial
Distress signals
Property profile

242 Commonwealth Ave Fullerton, CA 92832

OFF-MARKET
Gas stations
Property ID
US09-2550089
260 SF 0.31 ac lot Built 1973
Individually Owned 20-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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 profile

Verified
Property type Gas stations
Use group GAS STATION
Year built 1973
Total area 260 SF
Lot 0.31 ac (13,498 SF)
APN 033-032-26
UPID US09-2550089

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Sustainability Organization
  • Auto Repair Shop

Location

242 Commonwealth Ave Fullerton, CA 92832-1911
Fullerton metro Census 11300 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$205k

Owner & transaction history

since 2005
3 recorded transactions
2005
Price N/A
2004
Price N/A
1978
$3,500

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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