1234 Grant Ave - Restaurant FOR SALE


San Francisco, CA 94133- Telegraph Hill
$7,950,000 USD
415-990-9127
1234 Grant Ave, San Francisco, CA for Sale
$7,950,000 USD
Restaurant - FOR SALE
1/31
null | 6.25% Cap Rate

1234 Grant Ave
San Francisco, CA 94133
Telegraph Hill


HIGHLIGHTS

  • Historic North Beach Neighborhood Location.
  • Trophy Hard Corner Real Estate on Heavily Trafficked Street.
  • Ground Floor Tenant (The Showdown) Recently Signed a New 10 Year Lease, Showing Dedication to the Site
  • Stable Cash Flow with 8 Years of WALT remaining.
  • Excellent Demographics - 579,823 Residents with Average Household Incomes of $108,675 in a 1-Mile Radius.

OVERVIEW

Touchstone Commercial Partners is pleased to offer investors an opportunity to purchase the fee simple interest in 1234 Grant Avenue, San Francisco, CA 94133. The approximately 8,600 square feet, three-story building with a lower level sits on approximately 2,300 square feet of land. Located in the heart of North Beach, this is a unique and rare opportunity to purchase a building in one of San Francisco’s most desirable neighborhoods. This property will be delivered fully occupied by two tenants on a triple net basis, making this a perfect opportunity for an investor looking for stable cash flow. In the last year, the property has been extensively renovated with significant capital investment, including a full electrical upgrade, complete exterior repainting and refinishing, three new bathrooms (including a walk-in shower), new wide-plank European white oak flooring, a fully renovated kitchen with marble countertops and stainless steel appliances, new recessed lighting and fixtures throughout, fresh interior paint, new decking at the sun deck, and thoughtful interior reconfiguration. All prospective buyers should assume the subject property will be delivered on an “As-Is, Where-Is” basis at the Close of Escrow. Prospective buyers will have the opportunity to tour the subject property and begin initial due diligence immediately. All prospective buyers are encouraged to make an offer at any time. All offers are to be delivered to Touchstone Commercial Partners, Inc.

FOR SALE DETAILS

PRICE

$7,950,000 USD

PRICE/SF

$924 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1906

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

NCD North Beach

APN/PARCEL ID

0145-044

ASK ABOUT THIS PROPERTY

Ethan MannTouchstone Commercial Partners, Inc.More Info
415-990-9127

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Ethan MannTouchstone Commercial Partners, Inc.More Info
415-990-9127

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.