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5050-5054 Newport Ave 1,512 - 4,437 SF of Retail Space Available in San Diego, CA 92107
Highlights
- Heavy foot traffic
- Ocean Views
- Off-street parking
- Potential rooftop deck
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,512-4,437 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor
Retail and restaurant leasing opportunity within a stone’s throw to the beach and iconic Ocean Beach pier. Two ground floor retail / restaurant suites that can accommodate users 1,523 SF - 4,437 SF + rear or rooftop patio. Full use of 7,347 SF parcel w/ ± 3,500 SF of secured private parking (or potential development). Surrounded by a vibrant mix of established local restaurants, cafés, bars, and boutique retailers, whose strong synergy drives both daytime and evening traffic. Prime positioning along Newport Avenue, Ocean Beach’s main retail corridor that benefits from abundance of year-round foot traffic. Potential 2nd floor rooftop deck with whitewater ocean views. 1,243 SF 2nd floor could potentially be converted to commercial use. Potential ground lease opportunity to activate the entire property (build above the rear parking lot, and maximize the 30' height limit). Potential Ground Lease Opportunity This unique two-story mixed-use property offers a compelling opportunity for both traditional retail tenancy and creative repositioning. A Ground Lease of the entire property allows an operator to fully integrate both the ground floor commercial and 2 floor residential components into a cohesive concept. With thoughtful planning, the 2nd floor units and rear parking area present a rare chance to reimagine the property into a larger scaled project, capitalizing on ocean views and creating a differentiated coastal experience. Ideal opportunity for an operator seeking control, creativity, and long-term upside in a highly desirable location.
- Lease rate does not include utilities, property expenses or building services
- Central Air Conditioning
- Private Restrooms
- High Ceilings
- Off-Street Parking
- Ocean Views
- Potential Rooftop Deck
- New Storefront
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 4,437 SF | Property Subtype | Storefront |
| Min. Divisible | 1,512 SF | Gross Leasable Area | 4,437 SF |
| Property Type | Retail | Year Built/Renovated | 2000/2026 |
| Total Space Available | 4,437 SF |
| Min. Divisible | 1,512 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 4,437 SF |
| Year Built/Renovated | 2000/2026 |
About the Property
Retail and restaurant leasing opportunity within a stone’s throw to the beach and iconic Ocean Beach pier. Two ground floor retail / restaurant suites that can accommodate users 1,523 SF - 4,437 SF + rear or rooftop patio. Full use of 7,347 SF parcel w/ ± 3,500 SF of secured private parking (or potential development). Surrounded by a vibrant mix of established local restaurants, cafés, bars, and boutique retailers, whose strong synergy drives both daytime and evening traffic. Prime positioning along Newport Avenue, Ocean Beach’s main retail corridor that benefits from abundance of year-round foot traffic. Potential 2nd floor rooftop deck with whitewater ocean views. 1,243 SF 2nd floor could potentially be converted to commercial use. Potential ground lease opportunity to activate the entire property (build above the rear parking lot, and maximize the 30' height limit). Potential Ground Lease Opportunity This unique two-story mixed-use property offers a compelling opportunity for both traditional retail tenancy and creative repositioning. A Ground Lease of the entire property allows an operator to fully integrate both the ground floor commercial and 2 floor residential components into a cohesive concept. With thoughtful planning, the 2nd floor units and rear parking area present a rare chance to reimagine the property into a larger scaled project, capitalizing on ocean views and creating a differentiated coastal experience. Ideal opportunity for an operator seeking control, creativity, and long-term upside in a highly desirable location.
Nearby Major Retailers
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5050-5054 Newport Ave
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