Colliers, as Exclusive Advisor to the Seller, is pleased to present the opportunity to acquire 685 3rd Street, (the “Property”), a 5 floor plus lower-level value-add office / PDR / retail building situated in the SOMA East submarket of San Francisco located just steps from Oracle Park and 5-minute walk to the 4th and Townsend Caltrain Station.
685 3rd Street features two floors of retail, 100% leased to popular restaurant/bar/lounge concepts Woodbury and Alchemist. The upper 3 floors of the building are vacant and in shell condition presenting an immediate opportunity to renovate the floors to capture the growing demand from AI and technology users. The southeast side of the building features a large billboard sign which provides an additional income stream for the Property.