For Sale
$1,850,000

2001 17Th StSan Francisco, CA 94103

Prime Location, High NOI, 6.44% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional San Francisco investment property at 2001 17th Street offers a unique blend of income-generating assets. The ground floor houses a well-established restaurant, Live Sushi, operating under a double-net lease of $6,350 per month, expiring in 2025 with a five-year extension option. This tenant has a proven track record, operating in this location for over 15 years and managing other successful restaurants. The 3,700 square foot building sits on a 2,308 square foot lot and boasts a high-traffic corner location in the rapidly developing Potrero Hill neighborhood. A significant 300,000+ square foot life science development is underway across the street, scheduled for completion in June 2023, promising further neighborhood growth and increased foot traffic. Adding to the investment potential, the second floor has approved permits for conversion into a four-bedroom, two-bathroom single-family home, presenting a lucrative opportunity for additional rental income or resale. The property's strong financial performance is reflected in its $1,850,000 asking price, 6.44% cap rate, and a current NOI of $142,008. The building, constructed in 1907, is situated near amenities such as Whole Foods, coffee shops, Anchor Steam Brewery, and the Chase Center, enhancing its appeal and potential for future appreciation. This is a rare opportunity to acquire a mixed-use property in a prime San Francisco location with significant upside potential. The 50% occupancy reflects the vacant second floor, offering immediate value-add potential.

Highlights

  • Live Sushi restaurant operates under a double-net lease at $6,350/month, expiring in 2025 with a 5-year option.
  • High-traffic corner location in the established Potrero Hill neighborhood.
  • Significant life science development (300,000+ SF) across the street, commencing June 2023.
  • Experienced restaurant operator with 15+ years at this location and multiple other restaurants.
  • Approved permits for second-floor conversion to a four-bedroom, two-bathroom single-family home.

Property Details for 2001 17Th St

Property type
Retail properties, Restaurants
Square Feet
3,700 SF
Year Built
1907

Location Insight

City
San Francisco
County
San Francisco
State
California
Latitude
37.7645544
Longitude
-122.4036982
2001 17Th St, San Francisco, California

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2001 17Th St
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