Ground Floor Retail/Warehouse Condo

500 Masonic Avenue, Unit #2 San Francisco, CA

$2,050,000

Price

5.81%

Cap Rate

$119,159

NOI

Overview
Cap Rate
5.81%
NOI
$119,159
Pro Forma Cap Rate
5.81%
Building Size
5,946 sqft
Lot Area
0.17 acres
Year Built
2002
Zoning
NC-S
Tenancy
Single
Parking Spots
2
Year Last Renovated
2022
Gross Leaseable Area
5946
Investment Strategy
Value Add
Description

The Kilpatrick Team is pleased to present the opportunity to acquire 500 Masonic Avenue, a 5,940+ SF, spacious retail/warehouse condo on a high traffic corner lot. Constructed in 2002, this highly visible building sits on the ground floor of an 11- unit multi-family building, rated 5 stars by apartments.com, at the face of Masonic and McAllister intersections. The subject property will be delivered vacant, which offers tremendous upside potential for value-add, long-term investors. This offering is also ideal for an owner-user looking for large amounts of storage and office space.

Formerly the Abbey Carpet warehouse, the property features 18' ceilings, and consists of an easily accessible roll up door, a gated entrance, a designated lobby space, a furnished office space, a large commercial space, and 2 deeded garage parking spaces.

Highlights
  • Prime Ground Floor Retail/Warehouse Condo
  • +/- 6,000 SF Flexible Commercial Space
  • High Visibility Corner Unit
  • Exclusive Driveway / Loading Zone
  • Adjacent to the University of San Francisco
  • Walker's Paradise 96/100
  • Unique Opportunity for Investment or Owner-User
Documents
Title
Property Video
500_Masonic_Sale_Flyer.pdf
500_Masonic__2_Lease_Flyer.pdf
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Location
Gallery