2751-2771 Imperial Ave 8,731 SF 100% Leased Retail Building San Diego, CA 92102 $2,950,000 ($337.88/SF) 6.31% Cap Rate

2751–71 Imperial Avenue offers a rare opportunity to acquire a stable, income-producing commercial asset located just minutes from Downtown San Diego. The property is strategically positioned along a major thoroughfare with strong visibility and easy access to I-5 and SR-94. The building is currently occupied by three long-term tenants, providing reliable cash flow and minimal management responsibilities.
Situated in an emerging area with ongoing redevelopment and infrastructure improvements, the property benefits from consistent foot and vehicle traffic, strong tenant demand, and proximity to major employment hubs, public transit, and residential neighborhoods.
This is an ideal investment for buyers seeking stable returns, long-term appreciation potential, future development opportunity and a foothold in the growing San Diego urban market. Current NOI $186,000 with 3% annual increases.
Value-Add Opportunity
In addition to the stabilized income stream, the Property presents a compelling value-add component. The approximately 2,500 square feet of second-floor space located above Grace Market offers redevelopment potential for conversion to professional office suites or residential apartment units (subject to zoning verification and municipal approvals). Activation of this currently underutilized space provides the opportunity to increase net operating income, enhance tenant mix diversification, and materially improve overall asset valuation.
Buyer to confirm all square footage.