1040-2315 Columbus Ave San Francisco, CA 94133

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.