For Sale
$750,000

1189 Tennessee StSan Francisco, CA 94107

Dogpatch Office Condo, $750K, 948 sq ft

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional 948-square-foot Class A creative office condo, located at 1189 Tennessee Street, Unit 103, in San Francisco's vibrant Dogpatch neighborhood, presents a unique owner-user or investment opportunity. Built in 2015, this fee-simple property boasts modern finishes including high ceilings and wooden floors. The space includes a full ADA-compliant restroom with a shower, one underground parking space, bike storage, and access to a shared patio. The property is zoned NCT2 - Neighborhood Commercial, allowing for a variety of professional uses. With a current asking price of $750,000, the property offers a pro-forma cap rate of 8.00% and a pro-forma NOI of $60,000. The 6,200 square foot lot is situated in a prime location, offering easy access to transportation and amenities, including a 15-minute drive to San Francisco International Airport (SFO). The single-unit building features two stories and is well-maintained, presenting an attractive curb appeal. The current lease is a modified lease with a term of 0.5 years, commencing September 1, 2024, and expiring March 3, 2025. The property's strong historical rental performance and low maintenance costs contribute to its high profitability potential and future value appreciation. The APN is 4172-096.

Highlights

  • $750,000 asking price for this 948 sq ft Class A creative office condo.
  • Located at 1189 Tennessee St, San Francisco, CA 94107, in the Dogpatch neighborhood.
  • Features one (1) parking space and is zoned NCT2.
  • Built in 2015, offering a modern, open floor plan with high ceilings.
  • Ideal for owner-occupancy or investment, with a pro-forma cap rate of 8% and $60,000 pro-forma NOI.

Property Details for 1189 Tennessee St

Property type
Office properties, Office space
Square Feet
948 SF
Class
A
Year Built
2015
Buildings
1
Stories
2
Units
1

Location Insight

City
San Francisco
County
San Francisco
State
California
Latitude
37.7568692
Longitude
-122.3888951
1189 Tennessee St, San Francisco, California

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1189 Tennessee St
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