1170 Harrison StSan Francisco, CA 94103

  • Office properties
  • 21,522 SF
For Sale
$20,000,000 View listing

Property Details for 1170 Harrison St

Year built
1912
Construction
CONCRETE
Lot size
0.22 AC
Property size (Sq ft)
21,522 SF
Zone code
SLR
Property type
Office properties
Property subtype
Office buildings
APN
3755 -029
APU
3755029

Description

This exceptional three-story, 26,067 square foot executive office building is located in the heart of San Francisco's SOMA district. Offered for sale at $20,000,000, the property boasts a desirable corner lot at Harrison Street and Berwick Place, providing excellent visibility and accessibility. The building features a large drive-in roll-up door, ideal for loading and unloading, and offers significant value-add potential through renovation and lease-up of the second floor commercial space. Currently vacant, this presents a unique owner-user opportunity to immediately occupy this state-of-the-art landmark building. The building's three floors offer generous square footage: approximately 11,404 square feet on the ground floor, 9,940 square feet on the second floor, and 4,723 square feet on the third floor, plus a rooftop. Its permitted zoning (PDR, Legal Office) allows for a variety of uses. The building's convenient location offers easy access to I-80 and is within walking distance of public transportation. This rare opportunity to acquire a renovated commercial asset in one of San Francisco's most desirable neighborhoods is not to be missed.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $5,770,022
    6.5%
    $5,326,174
    7%
    $4,945,734
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,096,645
    Geo Method
    $6,002,701
  • Alternative Use

    Use
    Valuation
    Residential
    $6,604,456
    Hospitality
    $6,049,646
    Educational
    $5,033,235
    Medical
    $5,206,336
    Retail
    $7,829,476
1170 Harrison St, San Francisco, California

Location Insight

City
San Francisco
County
San Francisco
State
California
Latitude
37.7744
Longitude
-122.408
CBSA code
41860
CBSA name
SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$135,556
$5,280,663
$5,723,928
$11,004,591
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