For Sale
$2,900,000

736-738 Grant AveSan Francisco, CA 94108

Prime San Francisco Retail Investment

Overview

Added:
Dec 11, 2024
Days on market:
113
This three-story, 7,072 square foot shopping center in San Francisco's historic Chinatown offers a compelling investment opportunity. Located on Grant Avenue between Clay and Sacramento streets, this property boasts a prime location with high foot traffic and easy access to public transportation, including the Chinatown MUNI Station and cable car lines. Currently, two of the three units are occupied, with one retail tenant recently signing a five-year lease with annual escalations. The middle floor is vacant, presenting an immediate opportunity for owner-occupancy or lease-up. The top floor is on a month-to-month lease. Each of the three commercial units offers approximately 1,800 square feet, including mezzanine and additional storage space. Built in 1907, the building sits on a 1,838 square foot lot and is zoned CVR. The asking price is $2,900,000, representing a price per square foot of $410.07, a 2.91% cap rate, and a pro-forma cap rate of 3.41%. The current occupancy is 67%, with a pro-forma net operating income (NOI) of $98,811. This property presents a rare opportunity for an owner-user or an investor seeking a well-located, multi-tenant retail building in a vibrant and growing neighborhood. The property's unique details and strong potential for appreciation make it an attractive addition to any portfolio.

Highlights

  • Chinatown commercial building investment opportunity.
  • Two of three units currently leased; one unit available for lease.
  • High-traffic Grant Avenue location.
  • Excellent public transportation access via Muni Metro, cable car, and bus lines (1, 8, 30, 45, 91).

Property Details for 736-738 Grant Ave

Property type
Lifestyle centers, Power centers
Square Feet
7,072 SF
Year Built
1907
Stories
3
Units
3

Location Insight

City
San Francisco
County
San Francisco
State
California
Latitude
37.793996
Longitude
-122.4060509
736-738 Grant Ave, San Francisco, California

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736-738 Grant Ave
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