140 W Wilshire Avenue, Fullerton, 92832

Commercial - Retail For Sale

$3,200,000

Beds
Baths
Sqft
.18Acres
1949Built
280DOM
MLS® #: PW19254460
Active, 280 Days on Market

An outstanding absolute NNN investment strategically located in the heart of Downtown Fullerton. Casa Bonita has 7+ years remaining on an original 10 year lease with two additional 5 year option periods. The lease is guaranteed by 2 strong financially backed companies. Fullerton is an affluent Orange County Submarket that has ideal proximity to both residential and commercial density which ensures the property is busy during all times of the day, every day of the week. The Casa Bonita Event Center is within walking distance to MetroLink, Fullerton's depot station, within Downtown Fullerton's restaurant over district (ROD), within a C-3 zoned area which provides long term development opportunity for a mixed use project (commercial and residential) and numerous other immediate trade area advantages. The Casa Bonita Event Center is ideally located near the intersection of Harbor Boulevard (44,300 vehicles per day) and Chapman Avenue (35,500 vehicles per day) with a total of over 79,800 vehicles passing the intersection daily. Traditional, linear configuration are conducive to high occupancy, optimal rents and low minimal capital expenditures coupled with recent capital improvements such as the roof and HVAC systems. Located in an area the City of Fullerton has designated as Parking District 1 which allows for a myriad of advantages for a developer to reposition and expand on the properties footprint.

Essential Information

MLS® #: PW19254460
Price: $3,200,000
Acres: 0.18
Year Built: 1949
Type: Commercial
Sub-Type: Retail
Status: Active

Community Information

Address: 140 W Wilshire Avenue
Area: Fullerton (83)
City: Fullerton
County: Orange
State: CA
Zip Code: 92832

Interior

Heating: Central Furnace
# of Stories: 1

Exterior

Lot Description: Near Public Transit, Value In Land, Lot 6500-9999, Yard, Zero Lot Line

Additional Information

Date Listed: October 30th, 2019
Days on Market: 280
Zoning: C-3

Listing Details

Listing Agent: Cameron Irons(01176224)
Listing Office: SVN / Vanguard

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Listing information last updated on August 6th, 2020 at 11:15am PDT.

Based on information from California Regional Multiple Listing Service, Inc. as of August 6th, 2020 at 10:50am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.