North Beach Retail and
1040-2315 Columbus Ave San Francisco, CA
1040-2315 Columbus Ave, San Francisco, CA, 00000
Contact for pricing
For Sale
Contact for pricing
Retail property and parking lot with redevelopment potential in San Francisco.
Property Size10,572 SF
Lot Size0.27 Acres
Price / SF$496.59
Days on Market828
Property Features for 1040-2315 Columbus Ave
General Information
- Standard status
- Active
- Size
- 10,572 SF
- Lot size
- 0.27 Acres
- Property subtype
- RETAIL
Listing agency
LL CRE
(415) 278-7838
Listed by
Brian Leung
Source
Moodyscre
Added: Apr 17, 2024 Updated: Jul 10 at 11:46AM Checked: Jul 21 at 5:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LL CRE
Investment Insights
Based on property information with market context.
Located in the North Beach neighborhood of San Francisco, the property at 1040 Columbus Avenue features a 10,572 square-foot structure on an 11,918 square-foot corner lot. The property, currently occupied by a restaurant and bar, includes a spacious kitchen with a 30'+ hood and prep area, a large bar, several dining rooms, an outdoor patio, and a mezzanine office. Additionally, the property includes a parking lot that can accommodate 11 cars and features pole signage. Situated on Columbus Avenue, a major thoroughfare between Fisherman’s Wharf and the Financial District, the location benefits from a mix of tourists, residents, and professionals. The area is known for destinations such as Washington Square, City Lights Bookstore, and St. Peter and Paul Church. The property is a candidate for high density redevelopment. Zoning permits up to 29 dwelling units or 85 group housing units. Development continues to progress along Columbus Avenue with a neighboring parcel already approved for 56 units. This property presents an opportunity for an investor to receive a 5% return while preparing for future development.
Key Highlights
- High‑density redevelopment potential: Zoning allows up to 29 dwelling units or 85 group housing units.
- Strategic location: Situated on Columbus Avenue, a major thoroughfare in a high‑traffic tourist and residential area.
- Existing income stream: Currently operating as a restaurant and bar, providing a 5% return for investors.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $285.4k | $27.00 |
| − Vacancy | −$28.5k | −$2.70 |
| EGI | $256.9k | $24.30 |
| − OpEx | −$77.1k | −$7.29 |
| NOI | $179.8k | $17.01 |
10,572 SF · lease $27.00/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$51.64M
$45.18M – $60.25M
NOI $3,614,791 @ 7.0% cap · market cap 68.85%
Second Best
Retail
$48.20M
$42.17M – $56.23M
NOI $3,373,805 @ 7.0% cap · market cap 64.26%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bars & Pubs
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FAQs
What type of property is this?
Bar & Pub - Retail property and parking lot with redevelopment potential in San Francisco.
Where is this bar & pub located?
The property is located at 1040-2315 Columbus Ave San Francisco, CA.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: High‑density redevelopment potential: Zoning allows up to 29 dwelling units or 85 group housing units.; Strategic location: Situated on Columbus Avenue, a major thoroughfare in a high‑traffic tourist and residential area.; Existing income stream: Currently operating as a restaurant and bar, providing a 5% return for investors.
