2224 Union StSan Francisco, CA 94123

  • Apartment buildings
  • 21,325 SF

Property Details for 2224 Union St

Year built
1904
Construction
WOOD
Lot size
0.22 AC
Property size (Sq ft)
21,325 SF
Zone code
UNION
Property type
Apartment buildings
APN
0534 -011
APU
534011

Description

This exceptional retail property, located at 2224 Union Street in San Francisco, California (zip code 94123), offers 7,040 square feet of vacant space in a vibrant strip center. Built in 1904, the property is situated in San Francisco County and presents a unique opportunity for businesses seeking high visibility and foot traffic. The space is divisible, with a minimum of 3,157 square feet and a maximum contiguous space of 3,883 square feet available. The attractive storefront features tall display windows and high ceilings, ensuring excellent visibility for tenants. This location benefits from its proximity to established, high-profile retailers such as Sephora, Vuori, Palmetto, Brixton, Soul Cycle, and Luke's Local, placing it within one of San Francisco's most desirable shopping districts. Union Street's blend of upscale boutiques, trendy cafes, and popular restaurants creates a thriving retail environment. This property offers a rare chance to establish a presence in this dynamic and sought-after community. The property's address is 2224 Union St, San Francisco, CA 94123.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $7,918,040
    6.5%
    $7,308,960
    7%
    $6,786,890
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,749,200
    Geo Method
    $6,958,870
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $11,703,700
    Retail / Commercial
    $6,015,620
    Mixed-Use / Specialty
    $6,005,240
    Hospitality / Lodging
    $4,420,250
    Office
    $5,981,080
    Institutional / Educational
    $6,246,980
    Multifamily
    $8,704,670
    Automotive / Energy
    $5,354,550
    Parking / Income-Based Land
    $1,836,860
    Restaurant / Food Service
    $3,146,970
    Healthcare / Senior Housing
    $6,146,920

Location Insight

City
San Francisco
County
San Francisco
State
California
Latitude
37.7973
Longitude
-122.436
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
$107,543
$5,393,654
$3,599,067
$8,992,721
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FAQs

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