209 9Th StSan Francisco, CA 94103

Property Details for 209 9Th St

Year built

1924

Construction

TILT-UP CONCRETE

Lot size

0.09 AC

Property size (Sq ft)

18,000 SF

Zone code

SLR

Property type

Investment properties

Property subtype

Live-work space

APN

3729 -081

APU

3729081

Description

This exceptional offering presents three unique commercial condos nestled in the vibrant heart of San Francisco's SOMA district. The property, located at 209 9th Street, comprises a mixed-use building with a total of three units spread across three floors. The ground floor unit, approximately 3,000 square feet, is ideally suited for retail or office use and is priced at $1.5 million. The second and third floors each offer a full floor of office space, accessible via a recently installed ADA-compliant elevator. The second-floor condo, priced at $2.5 million, features an open office area, two private offices, a conference room, and a kitchen. The third-floor condo, also priced at $2.6 million, boasts a newly remodeled open-plan layout perfect for a creative office environment. Recent renovations include new flooring, lighting, and a modern kitchen and bathrooms. This floor also offers high ceilings, abundant natural light, and sweeping views of West SOMA and the Sutro Tower. Two additional conference rooms are also included on this floor. The building's location provides easy access to BART and numerous restaurants and amenities. SBA financing is currently approved, allowing for purchases with as little as 10% down. The total price for all three units is $6.6 million. This presents a compelling opportunity for owner-occupiers seeking a prime location and versatile space in a thriving San Francisco neighborhood. The square footage of the second and third floor units is not specified, but the total square footage for all three units ranges from 3,000 to 4,362 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $4,825,778

  6.5%

  $4,454,564

  7%

  $4,136,382

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,426,244

  Geo Method

  $5,020,380

• Alternative Use

  Use

  Valuation

  Residential

  $5,523,660

  Hospitality

  $5,059,643

  Educational

  $4,209,564

  Medical

  $4,354,337

  Retail

  $6,548,210

Location Insight

City

San Francisco

County

San Francisco

State

California

Latitude

37.775

Longitude

-122.413

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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