555 2nd St - Storefront Retail/Residential FOR SALE


San Francisco, CA 94107- South Beach
$3,995,000 USD
415-625-2157
555 2nd St, San Francisco, CA for Sale
$3,995,000 USD
Storefront Retail/Residential - FOR SALE
1/6
null | 6.23% Cap Rate

555 2nd St
San Francisco, CA 94107
South Beach


HIGHLIGHTS

  • Surrounded by AI companies and VC Firms. This is the center of the AI universe in San Francisco
  • Long term restaurant lease with personal guarantee and significant TI's invested in the 2nd gen space.
  • 6.2% cap rate on a turn-key investment
  • $400k invested in the building recently
  • Main walking route to and from Giants baseball games at Oracle Park (2 blocks away)

OVERVIEW

Turn-Key investment property with 2 residential units and a ground floor restaurant with a long term lease. Restaurant pays NNN and has a personal guarantee. Apartments all have upside in the rents, but have been completely renovated with modern, high-end appliances and laundry. Billboard income is on a 10 year lease extension as well. Building has been impeccably maintained and upgraded by the owner and the ground floor restaurant. The property is located steps from the South Park entrance and 2 blocks from Oracle Park. It is surrounded by venture firms and AI companies. This is an excellent 1031 exchange property for a Buyer looking to get into the SF comeback with a very manageable 6.2% cap rate.

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/SF

$868 USD /SF

CAP RATE

6.23%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1914

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

1,999 SF

ZONING

MUO

APN/PARCEL ID

3774-045

ASK ABOUT THIS PROPERTY

Clinton TextorMarcus & MillichapMore Info
415-625-2157

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Clinton TextorMarcus & MillichapMore Info
415-625-2157

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