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Offering Summary
For Tours prior to auction, please email Kyle.Hynes@marcusmillichap.com & Philip.Kates@marcusmillichap.com
**Tours will not be allowed after auction.
RealINSIGHT Marketplace, in partnership with Marcus & Millichap, is pleased to present 8200 3rd Street, Downey, California, a vacant ±38,913 SF freestanding retail/entertainment building on ±1.04 acres in the heart of Downtown Downey. Formerly operated as a 10-screen LOOK Cinemas theater, the two-story Property features an upgraded interior build-out with bar infrastructure, luxury seating, enhanced lobby areas, and food and beverage amenities. The site offers exceptional visibility with frontage along 3rd Street, New Street, and La Reina Avenue, plus convenient access to an adjacent public parking garage and surrounding street parking. The Property presents a compelling repositioning opportunity for entertainment, experiential retail, fitness, food and beverage, specialty retail, or other commercial concepts. CoStar reports market retail rents of approximately $29-$36 PSF NNN. Favorable DDSP, Downtown Downey Specific Plan, zoning provides flexibility for adaptive reuse, redevelopment, and a broad range of commercial uses.
Due Diligence
Location
Downtown Downey is a walkable Southeast Los Angeles County destination with strong retail, dining, and entertainment demand. With a Walk Score of 91, the Property offers quick access to I-5, I-105, and I-710 across the LA MSA. Nearly 250,000 residents live within 3 miles, with average household income above $116,000, supporting a deep consumer base.
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Platform Fee
Buyer pays a minimum platform fee of 5% or $25,000 at closing.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
