3141-3143 16th St - Hospitality FOR SALE


San Francisco, CA 94103- Mission Dolores
$3,500,000 USD
415-516-9843
3141-3143 16th St, San Francisco, CA for Sale
$3,500,000 USD
Hospitality - FOR SALE
1/16
null | 5.69% Cap Rate

3141-3143 16th St
San Francisco, CA 94103
Mission Dolores


OVERVIEW

106 Albion is a mixed-use residential hotel property in the heart of the Mission District. The property consists of 20 SRO units, a commercial space occupied by a wine bar, and an additional one bedroom/one bath unit. Eighteen of the SRO units are master leased to a nonprofit organization, providing a stable income stream. Either party may terminate the agreement with 60 days notice, offering flexibility for a new owner. The commercial space, occupied by The Big Finish wine bar, is leased through 2034. The space has been recently renovated and has a strong history of successful tenants. In addition to the ground floor, it includes a full basement that is used for cold storage, operations, and office space. Located at the corner of 16th and Albion Streets, the property offers one of the Mission District's best locations, with easy access to the neighborhood's restaurants, shopping, and public transportation. This is an excellent opportunity to acquire a fully occupied mixed-use asset that offers stable current income, while also providing the flexibility for a future owner to operate the residential hotel and realize significant upside potential.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$732 USD /SF

# OF ROOMS

22

PRICE/ROOM

$159,091 {currency}

CAP RATE

5.69%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Albion Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1907

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

VALENCIA

APN/PARCEL ID

3568-064

ASK ABOUT THIS PROPERTY

Adam FillyCompass CommercialMore Info
415-516-9843

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Adam FillyCompass CommercialMore Info
415-516-9843

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