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Listed by Matthew C Sheridan Maven Commercial, Inc.
$ 3,054,000
Est. payment /mo
Price Dropped by $3.9M
2256 Market ST San Francisco, CA 94114
3 Beds
6,167 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 6,167 sqft
Price per Sqft $495
MLS Listing ID 425037046
Bedrooms 3
HOA Y/N No
Year Built 1904
Lot Size 2,874 Sqft
Acres 0.066
Property Sub-Type Mixed Use
Property Description
Combined price of $6,975,000. 2256 Market Street (9 units) and 2260 Market Street (7 units) are two mixed-use buildings offered as a single investment property in the heart of San Francisco's Upper Market/Castro neighborhoods. The two retail spaces are fully leased to stable tenants--Walgreens Pharmacy, through at least 2035, and StretchLab, a popular fitness studio, through 2035. The residential component consists of 14 apartments/flats. Both buildings are separately metered for electricity, while one is master-metered for gas. With a stabilized mix of commercial and residential tenants, strong income, and low operating expenses, this rare investment opportunity offers a projected 7.37% rate of return and a 9.01 GRM [Offered as a single investment; please also see 2260 Market Street; MLS listing 425037084.]
Location
State CA
County San Francisco
Area Sf District 5
Zoning NVT - Upper Market
Interior
Flooring Carpet, Tile, Wood
Fireplace No
Appliance Dishwasher, Free-Standing Gas Range, Free-Standing Refrigerator
Laundry Common Area, Washer/Dryer Hookups
Building
Lot Description None
Story 3
Level or Stories Four
New Construction No
Others
Tax ID 3560009
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