115 Harbor BlvdFullerton, CA 92832

Property Details for 115 Harbor Blvd

Year built

1913

Lot size

0.22 AC

Property size (Sq ft)

13,400 SF

Property type

Retail properties

Property subtype

Other automotive properties

APN

032-234-18

APU

3223418

Description

This exceptional value-add opportunity presents two adjacent storefront retail spaces totaling 16,490 square feet, situated on a highly visible, signalized corner in the heart of Downtown Fullerton, California. Located at 115 N Harbor Blvd, this property boasts a prime location at the intersection of Harbor Blvd and Amerige Ave, directly across from free public parking. The 0.37-acre lot is zoned C-3 (Central Business District), allowing for diverse uses including retail, restaurants, financial institutions, fitness centers, and more. Mixed-use development, including dwelling units, is also permitted subject to specific requirements. Currently occupied by a long-standing local business with a six-month sale leaseback included, this asset offers immediate income while allowing for future repurposing. The property benefits from its position in a densely populated commercial and residential area, near Fullerton College and High School, ensuring high foot traffic and strong potential for future growth. This is a rare chance to acquire a significant retail asset in a thriving downtown area experiencing substantial redevelopment, offering substantial upside potential for both owner-users and investors seeking to capitalize on robust retail trends. The asking price is $8,670,000, with a price per square foot of $525.77. The property features an absolute NNN lease type and is currently at 100% occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $4,271,974

  6.5%

  $3,943,360

  7%

  $3,661,692

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,233,482

  Geo Method

  $6,557,408

• Alternative Use

  Use

  Valuation

  Residential

  $3,326,372

  Hospitality

  $3,046,939

  Educational

  $2,535,018

  Medical

  $2,622,200

  Retail

  $3,943,360

Location Insight

City

Fullerton

County

Orange

State

California

Latitude

33.8711

Longitude

-117.925

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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