1586 Folsom St - Apartments FOR SALE


San Francisco, CA 94103- Mission | 
$3,130,000 USD
415-867-7711
1586 Folsom St, San Francisco, CA for Sale
$3,130,000 USD
Apartments - FOR SALE
1/9
null | 7.2% Cap Rate

1586 Folsom St
San Francisco, CA 94103
Mission


HIGHLIGHTS

  • • Corner Mixed-Use Property in SOMA
  • • Large Bar & Restaurant—Lease Expires Early 2027
  • • 6 One-Bedrooms & 4 Studios
  • • Most Residential Units Renovated
  • • Significant Frontage along Folsom/12th Streets
  • • Seismic Completed

OVERVIEW

Rare opportunity to acquire a historic corner mixed-use apartment building in the heart of San Francisco’s resurgent South of Market neighborhood. The property consists of 10 residential units—6 one-bedrooms and 4 studios—positioned above a large 3,300-square-foot bar and restaurant space, for a total of 9,300 square feet. Home to the original Hamburger Mary’s, the building occupies an iconic place in San Francisco history and helped shape the city’s vibrant nightlife and LGBTQ+ entertainment scene. With the ground-floor retail lease expiring next year, the property offers a compelling opportunity for an owner-user or investor to reimagine this highly visible commercial space with prominent frontage along Folsom and 12th Streets. Most residential units have been renovated with updated kitchens and bathrooms.

FOR SALE DETAILS

PRICE

$3,130,000 USD

PRICE/SF

$330 USD /SF

# OF UNITS

10

PRICE/UNIT

$313,000

CAP RATE

7.2%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1916

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,397 SF

ZONING

SLR

APN/PARCEL ID

3516-018

ASK ABOUT THIS PROPERTY

Matthew C. SheridanMaven Commercial, Inc.More Info
415-867-7711

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Matthew C. SheridanMaven Commercial, Inc.More Info
415-867-7711

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