655 Ellis StSan Francisco, CA 94109

This exceptional 96-key hotel in San Francisco, CA, presents a compelling investment opportunity. Located at 655 Ellis St, in the heart of the city (zip code 94109), this eight-story, 50,099 square foot property boasts a strong 80% occupancy rate and a substantial net operating income (NOI) of $2,177,184, yielding an attractive 8.12% cap rate. Built in 1969, the hotel sits on a 0.52-acre lot and is currently offered at $24,000,000 ($479.05/sq ft). The property features a range of amenities including a fitness center, on-site restaurant, conference rooms, rooftop deck, and lounge. The hotel offers stunning city views and 85 parking spaces for guests and staff. Currently vacant, this property presents significant upside potential for a new owner. Its central location provides excellent access to public transportation and city services, making it ideally suited for repositioning as a thriving hospitality business, or conversion to student or government-assisted housing. The existing restaurant and parking lot also offer potential for further development. This is a rare chance to acquire a well-situated asset in a consistently high-performing hospitality market.