1234 Grant AveSan Francisco, CA 94133

Property Details for 1234 Grant Ave

Year built

1906

Construction

WOOD

Lot size

0.05 AC

Property size (Sq ft)

3,450 SF

Zone code

NBEACH

Property type

Retail space

APN

0145 -044

APU

145044

Description

This exceptional three-story retail building at 1234 Grant Avenue in San Francisco's desirable North Beach neighborhood presents a compelling value-add investment opportunity. The property boasts approximately 6,800 square feet of space, distributed across a ground floor (approximately 2,300 sq ft), second floor (approximately 2,016 sq ft), and third floor (approximately 684 sq ft), plus an additional approximately 1,800 square feet in the lower level. Situated on a prime corner lot of roughly 2,300 square feet, this building benefits from high foot traffic and visibility. The ground floor tenant, "The Showdown," has extended their lease, demonstrating the location's desirability. The property is zoned NCD - North Beach Neighborhood Commercial, offering flexibility for potential office improvements or even residential conversion. With a strong net operating income (NOI) of $243,931.40 and an 8.13% cap rate, this asset offers significant return potential. The asking price is $2,650,000, translating to a price per square foot of $389. The building will be delivered partially vacant, providing an ideal opportunity for owner-users or investors to customize the space to their needs. This is a rare chance to acquire a property in one of San Francisco's most sought-after locations, within a one-mile radius boasting a population of 579,823 residents and an average household income of $108,675. The property's APN is 0145/044. This is a truly unique opportunity in a vibrant and thriving neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $1,359,663

  6.5%

  $1,255,074

  7%

  $1,165,426

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,654,876

  Geo Method

  $2,424,844

• Alternative Use

  Use

  Valuation

  Residential

  $1,058,702

  Hospitality

  $969,765

  Educational

  $806,833

  Medical

  $834,581

  Retail

  $1,255,074

Location Insight

City

San Francisco

County

San Francisco

State

California

Latitude

37.7986

Longitude

-122.407

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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