3065 16Th St San Francisco, CA 94103
- Commercial real estate
- 6,725 SF
Current Use by Public Records
- Commercial real estate
Property Details for 3065 16Th St
- Year built
- 1909
- Property size
- 6,725 SF
- Property type
- Commercial real estate
- APN
- 3569/077
Description
This exceptional three-unit mixed-use building at 3065 16th Street in San Francisco's vibrant Mission District presents a compelling investment opportunity. The 6,725 square foot property, built in 1909, sits on a 2,869 square foot lot and boasts a desirable zoning designation (NCT). The building comprises a two-story retail space (currently vacant but with an attached Type 47 liquor license) and two full-floor, five-room residential units. Approved plans and $75,000 in prior investment are in place for a conversion of the retail space to two floors, enhancing its potential. The property's current NOI is $143,571, with a pro-forma NOI of $175,904, reflecting a 4.87% cap rate and a pro-forma cap rate of 5.96%. The asking price is $2,950,000 ($438.66 per square foot). Its location between the Valencia and Mission commercial corridors places it in a high-demand area, surrounded by numerous restaurants and close to public transportation (including BART) and major highways (101/80). This presents a unique chance to own a well-situated mixed-use property in one of San Francisco's most dynamic neighborhoods. The three-story building offers significant upside potential for an owner-user or investor seeking a strong return in a thriving market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- San Francisco
- County
- San Francisco
- State
- California
- Longitude
- -122.4210319
- Latitude
- 37.7648382
