44 Gough St - Office/Residential FOR SALE


San Francisco, CA 94103- Mission Dolores
$10,800,000 USD
415-349-3505
44 Gough St, San Francisco, CA for Sale
$10,800,000 USD
Office/Residential - FOR SALE
1/94
null | Request Cap Rate

44 Gough St
San Francisco, CA 94103
Mission Dolores


HIGHLIGHTS

  • Value Add: Capitalize on San Francisco’s surging AI tech demand by strategically renovating and repositioning large blocks of space.
  • Development: Near-term lease expirations and landlord termination options provide an ideal opportunity to generate income while pursuing entitlements.
  • Striking Presence: Own an entire city block with an impressive 125 feet of frontage along Gough Street, offering unparalleled visibility and identity.
  • On-Site Parking: Benefit from 33 gated and secured parking stalls, a rare and highly attractive amenity for tenants and source of passive income.
  • Owner-User: An ideal opportunity for owner-users to occupy existing vacant space and strategically expand into the entire building over time.
  • Prime Location: Located on the periphery of San Francisco’s amenity-rich Hayes Valley, the property is a short walk to numerous restaurants and shops.

OVERVIEW

44 Gough Street offers investors an ideal value-add opportunity to acquire fee simple interest in a 36,041 sq. ft. office building with secure on-site parking. Comprised of three parcels totaling 0.59 acres, the property encompasses an entire block bordering on San Francisco’s amenity-rich Hayes Valley, offering an attractive location for tenants as well as a prime location for future redevelopment. With the current occupancy at 63% and climbing, investors can immediately benefit from San Francisco’s surging A.I. tech office demand. The short-term leases and landlord termination options provide the agility to either optimize cash flow through strategic renovations or pursue redevelopment under the flexible NCT-3 zoning. The NCT-3 zoning allows for a multitude of commercial and residential uses including: multifamily, residential care, student housing, medical office, retail sales, religious institutions and schools, offering a diverse range of avenues for maximizing value.

FOR SALE DETAILS

PRICE

$10,800,000 USD

PRICE/SF

$300 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

NCT-3

APN/PARCEL ID

3504-047

ASK ABOUT THIS PROPERTY

Laef BarnesAvison YoungMore Info
415-349-3505

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Laef BarnesAvison YoungMore Info
415-349-3505

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