For Sale
$3,300,000

1829 Market StSan Francisco, CA 94103

Prime San Francisco location, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional mixed-use commercial condo, located at 1829 Market Street, Suite 1 in San Francisco, CA 94103, presents a unique investment opportunity. The 5,780 square foot property boasts a prime corner location in a vibrant neighborhood, surrounded by Hayes Valley, the Lower Haight, Duboce Triangle, The Castro, and the Mission District. This two-story building features two ground-floor retail spaces with high visibility and expansive windows, ideal for attracting customers. The second floor comprises ten private offices, benefiting from abundant natural light, two bathrooms (one ADA compliant), and a shared pantry. Built in 1986, this meticulously maintained asset offers a strong current NOI of $203,980 and a pro-forma NOI of $229,060, translating to a 6.18% cap rate and a pro-forma cap rate of 6.94%. The asking price is $3,300,000, with a price per square foot of $570.93. The property is zoned NC3 and sits on a 3,437 square foot lot. Its convenient location offers exceptional accessibility to major transportation options including the Central Freeway, Muni, bus, BART, and Caltrain. This owner/user opportunity is perfect for those seeking a well-located, high-performing asset in a thriving San Francisco market with anticipated income growth. The property includes 12 units in total across the two stories.

Highlights

  • Prime corner commercial condo in San Francisco's Mission Dolores neighborhood.
  • Two ground-floor retail spaces and ten private office suites.
  • High-visibility retail spaces with expansive windows.
  • Private offices with abundant natural light.
  • Excellent access to major transportation (Central Freeway, Muni, bus, BART, Caltrain).

Property Details for 1829 Market St

Property type
Retail properties, Office properties
Square Feet
5,780 SF
Year Built
1986
Buildings
1
Stories
2
Units
12

Location Insight

City
San Francisco
County
San Francisco
State
California
Latitude
37.7710468
Longitude
-122.424148
1829 Market St, San Francisco, California

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1829 Market St
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