8 Persia AveSan Francisco, CA 94112
- Office properties
- 5,790 SF
Property Details for 8 Persia Ave
- Year built
- 1953
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.09 AC
- Property size (Sq ft)
- 5,790 SF
- Zone code
- NC3
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 6955 -043
- APU
- 6955043
Description
This exceptional 7,110 square foot commercial property, situated on a prominent corner lot in San Francisco's Mission Terrace district at 8 Persia Ave/4696 Mission St, presents a unique owner-user opportunity. The building, constructed in 1953, boasts concrete construction and features two units. The ground floor comprises approximately 3,550 square feet of retail space, currently leased to a beauty salon until 2028, with high ceilings, abundant natural light, an open area, and storage rooms. The second floor offers approximately 3,560 square feet, perfect for an owner-user seeking office, retail, or professional services space. This flexible space allows for diverse uses, maximizing investment potential. The property benefits from a highly visible location on a signalized corner, providing excellent signage opportunities along Mission Street, Persia Avenue, and Ruth Street. Its location offers convenient access to public transportation, including MUNI bus/light rail, BART, and Highway 280, as well as numerous restaurants, retailers, and City College of San Francisco. The asking price is $2,199,000, with a Net Operating Income (NOI) of $164,672 and a 7.49% cap rate. The lot size is 4,120 square feet, and the property features abundant natural light and high ceilings on the ground floor. This is an ideal investment for an owner-user seeking to occupy one unit while generating rental income from the other, offering a compelling alternative to leasing comparable space. The property's strong location, flexible use potential, and current income stream make it a highly attractive investment opportunity.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,777,819
- 6.5%
- $1,641,064
- 7%
- $1,523,845
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,264,048
- Geo Method
- $1,614,889
-
Alternative Use
- Use
- Valuation
- Residential
- $2,034,919
- Hospitality
- $1,863,975
- Educational
- $1,550,805
- Medical
- $1,604,140
- Retail
- $2,412,363
Location Insight
- City
- San Francisco
- County
- San Francisco
- State
- California
- Latitude
- 37.7233
- Longitude
- -122.436
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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