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Listed by Matthew C Sheridan Maven Commercial, Inc.
$4,475,000
Est. payment /mo
19 Beds
6,167 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 6,167 sqft
Price per Sqft $725
MLS Listing ID 425037084
Bedrooms 19
HOA Y/N No
Year Built 1904
Lot Size 2,874 Sqft
Acres 0.066
Property Sub-Type Mixed Use
Property Description
Combined price of $6,975,000. 2260 Market Street (7 units) and 2256 Market Street (9 units) are two mixed-use buildings offered as a single investment property in the heart of San Francisco's Upper Market/Castro neighborhoods. The two retail spaces are fully leased to stable tenants--Walgreens Pharmacy, through at least 2035, and StretchLab, a popular fitness studio, through 2035. The residential component consists of 14 apartments/flats. Both buildings are separately metered for electricity, while one is master-metered for gas. With a stabilized mix of commercial and residential tenants, strong income, and low operating expenses, this rare investment opportunity offers a projected 6.94% rate of return and a 8.92 GRM. Soft story retrofit required for 2260 Market St; retrofit work being completed for 2256 Market. [Offered as a single investment; please also see 2256 Market Street; MLS listing 425037046.]
Location
State CA
County San Francisco
Area Sf District 5
Zoning NVT - Upper Market
Interior
Flooring Carpet, Tile, Wood
Fireplace No
Appliance Dishwasher, Free-Standing Gas Range, Free-Standing Refrigerator
Laundry Common Area, Washer/Dryer Hookups
Building
Lot Description None
Story 4
Level or Stories Four
New Construction No
Others
Tax ID 3560010
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