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Mixed-Use Boutique Suite Building
For Lease
$4,495,000 NNN (Triple Net)

2611 Adams Avenue, San Diego, CA 92116

2025 rebuilt mixed-use property with furnished boutique suites and a leased tap room plus patio dining.

Space SizeContact for details
Property Size3,360 SF
Lot Size0.16 Acres
Days on Market53

Property Features for 2611 Adams Avenue

General Information

Standard status Active
Size 3,360 SF
Total Parking Spaces 5
Lot size 0.16 Acres
Property subtype Commercial
Occupancy 80%

Financials

Cap Rate 6.36%
Business Included Yes

Additional Details

Multifamily Units 10

Building Details

Year Built 2025
Listing Agency: Lee & Associates
Listed By: Eric von Bluecher ([email protected])
Source: Mrmurrieta
Added: Jun 15 Changed: Jul 10 Last Checked: Aug 6 at 6:40AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates

Investment Insights

Based on property information with market context.

Completely rebuilt in 2025, this mixed-use building combines residential boutique stays with a hospitality tenant. The property features 10 fully furnished luxury boutique suites with private bathrooms and wet bar amenities, arranged in two size groups. The suites include six units at approximately 285 square feet and four units at approximately 155 square feet. The commercial component is a 1,030-square-foot tap room with a full bar, walk-in refrigerator, storage areas, and indoor dining, with additional outdoor patio space for indoor-outdoor hospitality.

Located in North Park along the Adams Corridor at 2611 Adams Avenue, the building sits on a 7,009-square-foot lot and includes five on-site parking spaces. The restaurant/tap room space is leased on a NNN basis for $15,000 per month and is associated with Una Mas on Adams and Gold Soul Craft Coffee.

This offering is well suited to investors seeking a ground-up rebuilt asset that blends short-term rental or furnished housing formats with income from an existing leased hospitality use. The presence of multiple suite configurations, paired with dedicated on-site parking and a separate tap room concept with patio seating, supports flexible tenant or operator planning within the property’s established mixed-use layout.

Key Highlights

  • 2025 fully rebuilt mixed‑use building on a 7,009 SF lot with ~3,360 SF total building area
  • 10 fully furnished boutique suites totaling ~2,330 SF; 6 suites ~285 SF and 4 suites ~155 SF
  • Each suite includes a private bathroom and wet bar amenities, with modern finishes

Property Analytics

Current Use

Craig & Associates Inc Land Surveyor

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Electrical Service Food Market Grocery & Convenience Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10
Residential units
80%
Occupancy
Turnkey business
Opportunity
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,492
Businesses Nearby

Demographics for 92116, CA

31,523
Population
17,827
Households
1.8
Avg Household Size
37
Median Age
58%
College-Educated
96%
High-School Grad
3.4 sq mi
ZIP Area
9,271
Density / Sq Mi
$95,775
Median Household Income
$63,420
Median Earnings
$1,903
Median Rent
$898,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - 2025 rebuilt mixed-use property with furnished boutique suites and a leased tap room plus patio dining.
Where is this apartment building located?
The property is located at 2611 Adams Avenue San Diego, CA.
What is the lease rate?
The lease rate is $4,495,000.
What are key features of this property?
This property features: 2025 fully rebuilt mixed‑use building on a 7,009 SF lot with ~3,360 SF total building area; 10 fully furnished boutique suites totaling ~2,330 SF; 6 suites ~285 SF and 4 suites ~155 SF; Each suite includes a private bathroom and wet bar amenities, with modern finishes
More about this property
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