Property summary
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
VerifiedCap rate & NOI
Current use
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Sustainability Organization
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Auto Repair Shop
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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