325 Bay St, San Francisco, CA 94133
The subject property consists of two commercial condominium units totaling 1,823 square feet located on the ground floor of a 4 story, 23 unit mixed use building located at 325 and 327 Bay Street In San Francisco, CA. The units are 849 and 974 square feet respectively, feature their own private restrooms, and are on separate legal parcels.
325 Bay Street is leased to Massage Envy through 12/31/2021. 327 Bay Street was formerly occupied by a cafe and is vacant and available now. The units are very easy to manage as the HOA is responsible for exterior maintenance and tenants pay all utility costs and insurance directly. The landlord currently pays for property taxes and HOA fees. The zoning designation is C2 - Community Business which allows a wide variety of uses including retail, office and personal services. More information about potential uses can be found on the San Francisco planning website at: https://build.symbium.com/business/sanfrancisco#processinfo
The units are ideally located, bordering North Beach, Fisherman's Wharf and the Waterfront approximately 3 blocks away. Northpoint Centre shopping mall is directly across the street with national tenants including Safeway, Bank of America, Wells Fargo, and 24 Hour Fitness to name a few. Trader Joe's and Starbucks are a block away and there are countless other restaurants, bars and shops nearby. This is a densely populated neighborhood with more than 36,000 households with average income over $155,000 in a 1 mile radius.
The offering presents an opportunity for an investor or owner/occupant to gain exposure to this vibrant are of San Francisco. The second unit is great for investment or future expansion space.
The subject property consists of two commercial condominium units totaling 1,823 square feet located on the ground floor of a 4 story, 23 unit mixed use building located at 325 and 327 Bay Street In San Francisco, CA. The units are 849 and 974 square feet respectively, feature their own private restrooms, and are on separate legal parcels.
325 Bay Street is leased to Massage Envy through 12/31/2021. 327 Bay Street was formerly occupied by a cafe and is vacant and available now. The units are very easy to manage as the HOA is responsible for exterior maintenance and tenants pay all utility costs and insurance directly. The landlord currently pays for property taxes and HOA fees. The zoning designation is C2 - Community Business which allows a wide variety of uses including retail, office and personal services. More information about potential uses can be found on the San Francisco planning website at: https://build.symbium.com/business/sanfrancisco#processinfo
The units are ideally located, bordering North Beach, Fisherman's Wharf and the Waterfront approximately 3 blocks away. Northpoint Centre shopping mall is directly across the street with national tenants including Safeway, Bank of America, Wells Fargo, and 24 Hour Fitness to name a few. Trader Joe's and Starbucks are a block away and there are countless other restaurants, bars and shops nearby. This is a densely populated neighborhood with more than 36,000 households with average income over $155,000 in a 1 mile radius.
The offering presents an opportunity for an investor or owner/occupant to gain exposure to this vibrant are of San Francisco. The second unit is great for investment or future expansion space.
