Owner-User: Retail, Office & Light/R&D 4966 Naples Pl 5,000 SF Industrial Building San Diego, CA 92110 $2,400,000 ($480/SF)

OWNER-USER OPPORTUNITY | 5,000 SF COMMERCIAL FLEX BUILDING IN SAN DIEGO'S MORENA CORRIDOR
For a business owner tired of rising rents, lease uncertainty, and building value in someone else's property, 1221 W Morena Blvd (4966 Naples Place) offers the opportunity to control a functional 5,000 SF commercial building in a central San Diego infill location.
The property is well suited for an owner-user seeking a long-term operating base with flexibility for retail, office, showroom, service commercial, light industrial, flex, fitness, design, production, or research-oriented uses, subject to buyer verification with the City of San Diego. The building provides a practical single-story layout, functional interior volume, approximately 15-foot ceiling height, and one drive-in door, giving a buyer more operational flexibility than a typical office or retail suite.
The value of this opportunity is control. Leasing may work for businesses that need short-term flexibility, but many established companies eventually reach a point where occupancy risk becomes a strategic problem. Rent increases, renewal uncertainty, landlord restrictions, relocation costs, and the inability to fully customize a space can all limit long-term planning. Ownership gives a qualified buyer the ability to stabilize occupancy, invest in improvements with confidence, and build equity while operating from a location that is difficult to replace.
The Morena corridor location strengthens that owner-user story. The property sits near I-5, Mission Bay, Bay Ho, Bay Park, Clairemont, Pacific Beach, Linda Vista, Old Town, and the broader coastal and urban San Diego market. This central location supports customer access, employee convenience, vendor movement, and long-term business visibility. It is not an isolated industrial location. It is a central, coastal-adjacent commercial corridor surrounded by established residential neighborhoods, neighborhood-serving businesses, and long-term planning momentum.
CC-4-2 zoning provides broad commercial flexibility. The City of San Diego's Commercial Community zones are intended to accommodate community-serving commercial services, retail uses, and limited industrial uses of moderate intensity and small to medium scale. CC-4-2 is intended for high-intensity commercial characteristics and also allows residential density under the applicable City zoning framework. For an owner-user, that means the site can function as a business location today while preserving longer-term optionality for future expansion, adaptive reuse, or redevelopment, subject to City approval and buyer due diligence.
That balance is what makes the property compelling. This is not a speculative redevelopment site that requires a buyer to act immediately. The near-term value is operational. Buy the building, occupy it, improve it, and control the real estate around the needs of the business. The long-term value is optionality. As the Morena corridor continues to evolve, the property may offer future strategic value beyond its current building footprint.
Potential owner-users include specialty retail, showroom, design, contractor, light production, service commercial, creative office, wellness, fitness, product-based businesses, professional services, and certain R&D or research-oriented operations that want a central San Diego location with more control than leased space can provide.
Opportunities to acquire 5,000 SF owner-user buildings in central San Diego are limited. Many businesses can lease space. Far fewer can own a building in a coastal-adjacent infill corridor, customize it for their operations, and hold future redevelopment optionality.
1221 W Morena Blvd (aka 4966 Naples Place) should be evaluated by owner-users who want a practical operating location today and a long-term real estate position for tomorrow. Tour the property, walk the building, and compare ownership against the cost, risk, and uncertainty of leasing comparable space in central San Diego.