2590 - 2598 Folsom St

Highlights:

• Seller Financing: 20% Down, 5.0% Interest for Two Years!
• Rare Corner Retail in High Traffic Location. Three Units Currently Operated as Two
• Well Established Tenants, Heavily Invested in Their Spaces
• High Rent & Low Expense Property, Tenants Pay Property Tax and Utilities
• Recently Renovated Space, Building in Top Notch Condition
• Great Frontage and Visibility, Lots of Foot Traffic and Auto Traffic
• Ideal Central Location in Highly Desirable Neighborhood
• Development Potential: 55ft Height Limit

Description:

Seller financing is available for up to 80% LTV at 5.0% interest rate! Located in the heart of the Mission District, 2590 - 2598 Folsom Street is a 5,349 square foot mixed-use corner building operating as two commercial units, soaring 16-foot ceilings, and over $900,000 in recent upgrades. Improvements include new electrical and plumbing systems, a new concrete slab floor, seismic retrofitting, three ADA-compliant bathrooms (six total), and heavy-load mezzanine reinforcement. The building also boasts a newer roof, commercial-grade doors and windows, and a custom steel-frame, redwood-clad security gate for the private alley. Over half the perimeter foundation has been replaced, the property has ADA entry ways and a 15-foot-wide sidewalk with potential for outdoor seating.

San Francisco Planning has approved full restaurant use for the corner unit, with expansion potential into the adjoining space. The structure sits on a flat, square 0.1-acre parcel with over 132 feet of street frontage, a side alley, and a small yard. It is set back from surrounding buildings, constructed of old-growth fir wood in excellent condition. The property benefits from newly triggered SB425 legislation, which significantly streamlines the permitting process for potential 5-story, mixed-use development.

With a Walk Score of 98 and a Bike Score of 99, the location is just minutes from BART, UCSF and Google shuttles, and surrounded by top-tier restaurants, retail, and cultural destinations. It lies just outside the Shotwell Victoriana Historic District and Calle 24 Cultural Zone. Long used as a grocery store and currently 100% leased with near-zero vacancy over the past two decades, this building offers exceptional potential for investors, owner-users, or developers.

In the lively Inner Mission neighborhood of San Francisco, this is a prime opportunity for retail investors. The area features trendy boutiques, artisanal eateries, and bustling cafes, creating a vibrant commercial scene. Nearby attractions include the iconic Mission Dolores Park and the Valencia Street corridor, offering a unique blend of culture and entertainment. With convenient access to public transportation and a prime location near Silicon Valley tech hubs, the area promises a thriving retail environment and strong investment potential.