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Mixed-Use

Auction - Lender Owned SoMa Multi-Family and Retail | 14,838 SF

221 11th Street & 80-90 Kissling Strret, San Francisco, CA 94103

Listing Price: $1,250,000

Number of Units
4
Occupancy
100.0%
Price/Unit
$312,500
Price/Gross SF
$84.24
Gross SF
14,838

Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace Marcus & Millichap and RI Marketplace are proud to offer a mixed-use restaurant and multi-family opportunity located at 221-225 11th Street and 80-90 Kissling Street in San Francisco, California (the 'Property'). The Property presents an investor the perfect opportunity to acquire an asset in San Francisco’s SoMa neighborhood at a significant discount and tap into a dynamic trade area with immediate value add via repositioning and long-term lease-up at market rates. The Property consists of two adjoining buildings totaling 14,838 rentable square feet in San Francisco’s South of Market neighborhood and adjacent to the Mission district. 221-225 11th Street is comprised of three floors. The 9,518 square foot ground and second floors are occupied by Don Ramon’s on a month- to-month basis. The 3,715 square foot third floor space is vacant with a separate freight elevator. The Third Floor space had most recently been operated as unwarranted Residential/Airbnb space and stands ready to be converted back to multi-family use. 80-90 Kissling Street is a two-unit multi-family property comprised of one, three-bedroom/one-bathroom unit and one, one-bedroom/one-bathroom unit. San Francisco’s SoMa West is one of the most dynamic and fastest growing neighborhoods in the city. Western SoMa is characterized by its emerging development activity and is located in close proximity to the vibrancy of the Mission District, the Hub District, Central SoMa, Potrero Hill, and Mid-Market. Its fortuitous position places it at the junction of every major highway traversing San Francisco. Development in the area is struggling to match demand. Early last year, the city designated the western portion of SoMa as a Community Benefit District. The legislation has encouraged new developments, public amenities, and affordable housing, as well as increased attention to safety and cleanliness. There are nearly 1,000 residential units presently under construction in Western SoMa, with 244 units going in across the street from the subject property at 1530 Folsom Street. Recently, GM leased 139,000 SF in SoMa West for its Cruise autonomous driving division. The neighborhood has an expanding density of restaurants drawing large crowds, with several Michelin star restaurants. Big-box retail has prominent roots in the area as well, with notable brands including Costco Wholesale, Best Buy, Target, Trader Joe’s, and Rainbow Grocery. Unique to this part of the city in San Francisco, the roads in SoMa West are flat, much to the appeal the neighborhood’s prodigious biking and tech community.

Investment Highlights

  • STARTING BID $1,250,000 | Multi-Family and Retail | 14,838 SF | AUCTION DECEMBER 5-7, 2022
  • Mixed-Use Restaurant/Multi-Family Property in San Francisco's SOMA Neighborhood
  • Two Floors of Built Out Restaurant Space and Separate Two Unit Building
  • Entire Property Deliverable Vacant
  • Attractive Demographics within a Five-Mile Radius - $156,773 Average Household Income, and ±834,535 Residents

Exclusively Listed By

Broker of Record

  • Ramon Kochavi

    First Vice President / District Manager

    (650) 391-1700

    License(s) CA: 01329267

    California

Mixed-Use

Auction - Lender Owned SoMa Multi-Family and Retail | 14,838 SF

Listing Price: $1,250,000

Number of Units
4
Occupancy
100.0%
Price/Unit
$312,500
Price/Gross SF
$84.24
Gross SF
14,838

Investment Highlights

  • STARTING BID $1,250,000 | Multi-Family and Retail | 14,838 SF | AUCTION DECEMBER 5-7, 2022
  • Mixed-Use Restaurant/Multi-Family Property in San Francisco's SOMA Neighborhood
  • Two Floors of Built Out Restaurant Space and Separate Two Unit Building
  • Entire Property Deliverable Vacant
  • Attractive Demographics within a Five-Mile Radius - $156,773 Average Household Income, and ±834,535 Residents

Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace Marcus & Millichap and RI Marketplace are proud to offer a mixed-use restaurant and multi-family opportunity located at 221-225 11th Street and 80-90 Kissling Street in San Francisco, California (the 'Property'). The Property presents an investor the perfect opportunity to acquire an asset in San Francisco’s SoMa neighborhood at a significant discount and tap into a dynamic trade area with immediate value add via repositioning and long-term lease-up at market rates. The Property consists of two adjoining buildings totaling 14,838 rentable square feet in San Francisco’s South of Market neighborhood and adjacent to the Mission district. 221-225 11th Street is comprised of three floors. The 9,518 square foot ground and second floors are occupied by Don Ramon’s on a month- to-month basis. The 3,715 square foot third floor space is vacant with a separate freight elevator. The Third Floor space had most recently been operated as unwarranted Residential/Airbnb space and stands ready to be converted back to multi-family use. 80-90 Kissling Street is a two-unit multi-family property comprised of one, three-bedroom/one-bathroom unit and one, one-bedroom/one-bathroom unit. San Francisco’s SoMa West is one of the most dynamic and fastest growing neighborhoods in the city. Western SoMa is characterized by its emerging development activity and is located in close proximity to the vibrancy of the Mission District, the Hub District, Central SoMa, Potrero Hill, and Mid-Market. Its fortuitous position places it at the junction of every major highway traversing San Francisco. Development in the area is struggling to match demand. Early last year, the city designated the western portion of SoMa as a Community Benefit District. The legislation has encouraged new developments, public amenities, and affordable housing, as well as increased attention to safety and cleanliness. There are nearly 1,000 residential units presently under construction in Western SoMa, with 244 units going in across the street from the subject property at 1530 Folsom Street. Recently, GM leased 139,000 SF in SoMa West for its Cruise autonomous driving division. The neighborhood has an expanding density of restaurants drawing large crowds, with several Michelin star restaurants. Big-box retail has prominent roots in the area as well, with notable brands including Costco Wholesale, Best Buy, Target, Trader Joe’s, and Rainbow Grocery. Unique to this part of the city in San Francisco, the roads in SoMa West are flat, much to the appeal the neighborhood’s prodigious biking and tech community.

Exclusively Listed By

Broker of Record

  • Ramon Kochavi

    First Vice President / District Manager

    (650) 391-1700

    License(s): CA: 01329267

    California

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