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
Nearby Similar for Sale
For Sale
$4,900,000
Mission District Multi-Use Portfolio
Four San Francisco properties, high income potential.
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Contacts
Benjamin Elias
JD Figone
Taylor Flynn
Visit Broker Website
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2001 17Th St, San Francisco, California, 94103
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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2001 17Th St
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