North Beach Retail and
For Sale
Contact for pricing
1040-2315 Columbus Ave, San Francisco, CA
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 Market919
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
(510) 686-0435
Listed By:
Brian Leung · License #01203473
(415) 278-7838
Source:
Moodyscre
Added: Apr 17, 2024
Changed: Oct 6
Last Checked: Oct 20 at 10:07PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$179,830
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,596,600
$3.6M
Cap Rate 7%
$2,569,000
$2.6M
Cap Rate 9%
$1,998,111
$2.0M
Market Conditions
NOI Build-Up for 10,572 SF
Gross rent
$285.4K $27.00/SF
− Vacancy
−$28.5K −$2.70/SF
EGI
$256.9K $24.30/SF
− OpEx
−$77.1K −$7.29/SF
NOI
$179.8K $17.01/SF
Area
San Francisco, CA
Vacancy
10.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,596,600
Cap Rate 7%
$2,569,000
Cap Rate 9%
$1,998,111
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,987
Businesses Nearby
147k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 27%
Hotels & Casinos 23%
Shops & Services 22%
Groceries 20%
Trader Joe's
Groceries
27,081 visits/mo
0.2 miles
IHOP
Dining
20,211 visits/mo
0.3 miles
Bank of America
Shops & Services
19,370 visits/mo
0.4 miles
Starbucks
Dining
14,539 visits/mo
0.1 miles
San Francisco Marriott Fisherman's Wharf
Hotels & Casinos
14,298 visits/mo
0.2 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in San Francisco, CA
Similar Off Market Nearby
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- Bell Tower — 1900 Polk St, San Francisco, CA 94109
Frequently Asked Questions
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.
