Avison Young is pleased to offer investors a value-add investment opportunity located at 924 Sansome in the heart of Jackson Square/Levi Plaza in San Francisco. For nearly half a century the property was home to Henry’s Hunan, a restaurant chain started by Henry Chung who pioneered spicy Hunanese cuisine in the United States and was memorialized by the New York Times after his death for his food legacy. The property originally featured a ground floor restaurant, second floor banquet room and a full garage at grade in the rear serviced by a roll up door with a freight elevator serving all floors.
Conversion to spec office is around 50% complete. OWNER FINANCING AVAILABLE OAC.
Recently the ownership begun converting the building to spec office by removing all restaurant equipment and stripping the premises to shell for office improvements. Plans for a two-story single tenant or two independent single floor office tenants been approved by the city and some work towards installing new mechanical and restrooms has commenced. Investors or owner-users will enjoy the flexibility to complete the remaining improvements for office or other use as the flexible C-2 zoning provides for a variety of uses.
The property is located on Sansome, a major vehicular thoroughfare exiting the San Francisco FiDi and closely bisects Broadway which cuts through Russian and Nob Hill to the Pacific Heights, Marina, and Cow Hollow Districts. The site straddles the popular Jackson Square and Levi Plaza historic office districts and tenants will benefit from easy access to public transportation, eclectic eateries and proximity to North Beach and Embarcadero Restaurants. The property is believed to have been a former parking garage
and then a cold storage facility and under the current permit no additional seismic is required although intense development may require some additions for the brick infill (buyer to confirm).