903 ISLAND AVE, SAN DIEGO, CA 92101-7227

Located in the heart of San Diego’s vibrant East Village, 903 Island Avenue presents a rare opportunity to acquire a fully renovated, income-producing retail asset with long-term stability and future upside. Anchored by Villains Brewing Company, an expanding hospitality brand from Orange County, the property benefits from a new 10-year NNN lease with no landlord improvement allowance, showcasing the tenant’s commitment through substantial renovations including two large bars, a full kitchen, dual outdoor patios, and a 10-barrel brewhouse.

Positioned on a trophy corner with approximately 100 feet of frontage, the building offers direct views into Petco Park and is steps from the stadium entrance, capturing foot traffic from tourists and baseball fans alike. The property’s flexible zoning allows for redevelopment up to 25,000 SF by right, making it ideal for investors seeking long-term value through repositioning into hotel, multifamily, office, or mixed-use formats.

Recent renovations in 2025 further elevate the asset’s appeal, and its location within one of San Diego’s most dynamic districts ensures strong demand and visibility. With a 5.4% cap rate and a stable NOI of $216,000, this offering combines immediate cash flow with future development potential in a market known for its tourism, biotech, and innovation economy.