3065-3069 16th St - Storefront Retail/Residential FOR SALE


San Francisco, CA 94103- Mission
$2,950,000 USD
415-278-7838
3065-3069 16th St, San Francisco, CA for Sale
$2,950,000 USD
Storefront Retail/Residential - FOR SALE
1/3
null | 4.87% Cap Rate

3065-3069 16th St
San Francisco, CA 94103
Mission


HIGHLIGHTS

  • 75% LTV Seller Financing Available!
  • Type 47 Liquor License Included In Sale
  • Premier Inner Mission Location Between Valencia and Mission
  • 1 Block Away from Bart Station
  • 2 Full Floor 5-Room Flats and a 2 Story Retail Space

OVERVIEW

3065 16th Street is a three unit mixed-use building with a type 47 liquor license in the heart of the Mission. The property has fantastic potential for an owner-operator of a restaurant, bar, or entertainment venue. Sellers are willing to offer up to 75% LTV seller financing. The ±6,725 SF building sits on a 2,869 SF lot and consists of a retail space which spans two stories and two full floor five-room flats. The retail space is currently a vacant bar which has a type 47 liquor license attached. Ownership has spent $75,000 on structural upgrades and architectural fees to have an approved plan set to convert the retail space from one to two floors. The property is located in the heart of the Mission District, between the Valencia and Mission commercial corridors; it is San Francisco’s hottest submarkets for young working professionals in the City and is considered to be the cultural and artistic epicenter of San Francisco. The location is surrounded by a number of well-regarded restaurants, ranging from simple comforts like Venga Empanadas, Curry Up Now, Hawker Fare, and CREAM to more upscale options like Lazy Bear, Prubechu, and Dear Inga. The neighborhood is within biking distance to the rest of Downtown San Francisco and is conveniently located next to multiple forms of public transportation and highway 101/interstate 80. The investment appeal of 3065 16th Street is driven by its premier location Inner Mission, San Francisco’s proximity to strong local employers, robust housing market, exceptionally well-maintained infrastructure.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$439 USD /SF

CAP RATE

4.87%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1909

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

2,871 SF

ZONING

NC3

APN/PARCEL ID

3569-077

ASK ABOUT THIS PROPERTY

Brian LeungLL CREMore Info
415-278-7838

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Brian LeungLL CREMore Info
415-278-7838

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