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242 W Commonwealth Ave 6,884 SF Retail Building Fullerton, CA 92832 $7,675,000 ($1,114.90/SF)
Investment Highlights
- Established Auto Repair Business & Real Estate Offered Together
- High-Visibility Location Along a Major Fullerton Commercial Corridor
- Ideal for Owner-User Automotive Operators
- ±6,884 SF Freestanding Automotive Building
- Long-Term Lease for Adjacent Parking Area Included
Executive Summary
Stratton Commercial Real Estate is pleased to present 242 W. Commonwealth Avenue, Fullerton, CA, a rare opportunity to acquire an established auto repair business together with the real property. This ±6,884 square foot building is situated on a ±6,970 square foot lot with prominent frontage along Commonwealth Avenue, offering outstanding visibility and ease of access. Positioned just off the signalized corner of Commonwealth Avenue and Highland Avenue, the property enjoys consistent vehicle traffic and close proximity to Downtown Fullerton. In addition to the on-site improvements, the offering includes the benefit of a long-term lease for the adjacent parking area, providing valuable supplemental parking and operational flexibility for the business. Zoned C-3-ROD (Central Business District Commercial with Residential Overlay District), the site is ideal for continued automotive use while also offering compelling future redevelopment potential, subject to city approvals. This offering presents a rare opportunity for an owner-user to acquire an established auto repair business together with a strategically located commercial property in the heart of Fullerton. For more information or to schedule a private tour, please contact Shaun Tramondo.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,884 SF
Building Class
C
Year Built
1922
Price
$7,675,000
Price Per SF
$1,114.90
Tenancy
Single
Building Height
1 Story
Building FAR
0.98
Lot Size
0.16 AC
Parking
5 Spaces (0.73 Spaces per 1,000 SF Leased)
Frontage
73’ on Commonwealth Ave
Amenities
- Pylon Sign
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 032-241-02 | Improvements Assessment | $65,130 |
| Land Assessment | $179,162 | Total Assessment | $244,292 |
Property Taxes
Parcel Number
032-241-02
Land Assessment
$179,162
Improvements Assessment
$65,130
Total Assessment
$244,292
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Contact the Sale Advisor
242 W Commonwealth Ave