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Hotel-Motel

2001 17th St

2001 17th St, San Francisco, CA 94103

Listing Price: $2,100,000

Cap Rate
1.97%
Number of Rooms
7
RevPAR
$1
Gross SF
3,266
Price/Room
$300,000
Price/Gross SF
$642.99
Year Built
1907

Investment Overview

Marcus and Millichap is pleased to offer this unique investment opportunity in the rapidly growing Potrero Hill neighborhood. The second floor is currently vacant with an approved permit to build out a 4 bedroom and 2 bathroom single family home. The ground floor is where you'll find the renowned Live Sushi, owned and operated by the Omakase Restaurant Group. With over 15 years of establishment at this location, they are the operators behind well-loved local eateries such as Dumpling Time, Nika Steakhouse, and Omakase.

Its corner location offers a unique access point to the multiple amenities of this vibrant community. There is a Whole Foods across the street, multiple coffee shops, and Anchor Steam Brewery all within walking distance. Additionally, the Chase Center is only a 5-minute bike ride away. The Potrero Hill neighborhood continues to develop and gentrify, along with the adjacent Mission Bay master development, creating a district in San Francisco that will be seeing constant growth in the years and decades to come.

Investment Highlights

  • Live Sushi pays $6,350 monthly in rent on a double net lease, expiring in 2025 with a 5-year option to extend the lease at a fair market rate.
  • Neighborhood staple with a busy corner location
  • 300,000+ SqFt of life science development across the street
  • Established restaurant operator with multiple Restaurants. Ran at this location for over 15 years
  • PERMIT APPROVED: Single-family home conversion of the second floor (See page 12)

Exclusively Listed By

Hotel-Motel

2001 17th St

Listing Price: $2,100,000

Cap Rate
1.97%
Number of Rooms
7
RevPAR
$1
Gross SF
3,266
Price/Room
$300,000
Price/Gross SF
$642.99
Year Built
1907

Investment Highlights

  • Live Sushi pays $6,350 monthly in rent on a double net lease, expiring in 2025 with a 5-year option to extend the lease at a fair market rate.
  • Neighborhood staple with a busy corner location
  • 300,000+ SqFt of life science development across the street
  • Established restaurant operator with multiple Restaurants. Ran at this location for over 15 years
  • PERMIT APPROVED: Single-family home conversion of the second floor (See page 12)

Investment Overview

Marcus and Millichap is pleased to offer this unique investment opportunity in the rapidly growing Potrero Hill neighborhood. The second floor is currently vacant with an approved permit to build out a 4 bedroom and 2 bathroom single family home. The ground floor is where you'll find the renowned Live Sushi, owned and operated by the Omakase Restaurant Group. With over 15 years of establishment at this location, they are the operators behind well-loved local eateries such as Dumpling Time, Nika Steakhouse, and Omakase. Its corner location offers a unique access point to the multiple amenities of this vibrant community. There is a Whole Foods across the street, multiple coffee shops, and Anchor Steam Brewery all within walking distance. Additionally, the Chase Center is only a 5-minute bike ride away. The Potrero Hill neighborhood continues to develop and gentrify, along with the adjacent Mission Bay master development, creating a district in San Francisco that will be seeing constant growth in the years and decades to come.

Exclusively Listed By

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