3776 Riley St
San Diego, CA 92110
Retail Property For Sale

Marcus & Millichap is pleased to present 3776 Riley Street, an exclusive opportunity to invest in a freestanding retail site located in the Midway District of San Diego. Located just a block from the off-ramp of the 5 Freeway and Camino Del Rio W, the property is situated near comparable retail space including restaurants, shops, and food markets. The property sits on a 6,729 square foot lot and has 3,375 square feet of gross leaseable area. This property has been operating as an adult entertainment facility, but has since closed its doors and is being sold vacant. The new owner of the property has the option to purchase and operate the existing business. With CV-1-2 zoning, this asset has tremendous potential for additional uses. The Midway District will likely see a sharp increase in development as the city of San Diego appears reluctant to extend leases around the Valley View Casino Center beyond 2020. If the city chooses to not extend current leases, nearly 43 acres will be open for massive development, potentially increases the neighborhoods population by nearly six times what it is now. This iconic property is a rare investment opportunity for the savvy investor who can add value by re-tenanting the space at market rent or by implementing their own concept.