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Retail & Development Property in North Beach District

$5,250,000

1040 Columbus Ave, San Francisco, CA 94133

Active
Last Updated: 04/24/2026

6.01

Cap Rate

315,702

NOI

Details:
Cap Rate:    6.01%
NOI:    $315,702
Building Size:    10,572 sqft
Lot Area:    0.2736 acres
Units:    1
Year Built:    1950
Highlights:
  • High Traffic Columbus Corridor
  • Proximity to Cable Car Turnaround
  • Outstanding Development Potential
  • 11-Car Parking Lot
Description:

1040 Columbus Avenue is a large retail property and parking lot located in the North Beach neighborhood of San Francisco. The structure 10,572 SF is located on an 11,918 SF corner lot with frontage on Columbus and Taylor St. Currently occupied by a restaurant and bar, the property has a spacious kitchen, large bar, several dining rooms, outdoor patio, and a mezzanine office. The kitchen is equipped with 30’+ hood and prep area. The parking lot can accommodate 11 car parking and has pole signage.

The property will be delivered vacant at the close of escrow. The property is in the path of development and is a candidate for high density redevelopment. Zoning permits up to 29 dwelling units or 85 group housing units. Development continues to progress along Columbus Avenue with a neighboring parcel already approved for 56 units. Columbus Avenue is a major thoroughfare lined with retailers and notable destinations and bookended by Fisherman’s Wharf and the Financial District. A busy mix of tourists, residents and professionals traverse this neighborhood on their way to its many excellent cafes and restaurants. The area’s well know destinations include Washington Square, historic City Lights Bookstore, and St. Peter and Paul Church.

The property’s investment appeal is its location in a busy tourist neighborhood, dense population of residents, and its outstanding upside potential through tenant repositioning and development.


North Beach, affectionately known as San Francisco’s “Little Italy,” is a storied neighborhood famous for its rich Italian heritage and bohemian history. Renowned as the heart of the Beat Generation, the district is anchored by the iconic City Lights Bookstore and a legacy of literary rebellion. Its bustling atmosphere is defined by authentic trattorias, espresso bars, and jazz clubs. Beyond its culinary appeal, the area features landmarks like Washington Square Park and Coit Tower, offering premier city vistas. This blend of European charm and artistic grit creates a high-energy environment and a top destination for culture and nightlife.

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