Mission - Bernal Heights High Visibility Building

$3,000,000

3501 Mission Street, San Francisco, CA 94110

For Sale

Mixed Use Residential/Retail

Active

Last Updated: 05/30/2024

Details:

Cap Rate: 3.6%

NOI: $108,622

Pro Forma Cap Rate : 7.7%

Building Size: 8,000 sqft

Lot Area: 2,535 sqft

Occupancy: 100%

Class: B

Units: 6

Lease Type: Single Net

Year Built: 1909

Price Per Sqft: $375

Price Per Unit: $500,000

Zoning: RH2

Tenancy: Multiple

Floors: 4

Restrooms: 6

Offered by Owner/Investor

David Fusco

Realtor

Grobecker Holland International

#01945174

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Highlights:

High visibility corner property
Desirable rental location
Rapidly gentrifying area
Stable commercial tenant is popular Indian restaurant
Easy freeway and transit access
Walkscore 98 – close shopping, restaurants and neighborhood parks
Units separately metered for gas & electric

Description:

High visibility, prime corner location where trendy Bernal Heights and the hip Mission District meet. This 8,000 sq ft, four story, mixed-use property includes five residential units plus ground floor retail. The apartments consist of three 2-bedroom, one 4-bedroom and one 5-bedroom unit. The commercial space is rented to a popular Indian restaurant and leased through June 2027. This excellent location is at the convergence of five highly desirable San Francisco Neighborhoods: Noe Valley, Glen Park, Holly Park, Bernal Heights and the Mission. This corner has great foot traffic, easy freeway access, and Muni bus lines 24, 49 and 14 stop at this intersection. Walkscore 98. Great long term investment with significant upside!