889 Mc Lellan DrSouth San Francisco, CA 94080

Property Details for 889 Mc Lellan Dr

Lot size

0.40 AC

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

010-213-070

APU

10213070

Description

This exceptional retail condo opportunity, located at 889 McLellan Drive in South San Francisco, CA 94080, presents a unique investment prospect. The property encompasses 5,498 square feet, divided into four units, all situated on the ground floor of a newly constructed, four-story building. Completed at the end of 2023, this building boasts a Type 5A construction and incorporates a sustainable design. The property benefits from a highly visible location with high traffic counts, making it ideal for a variety of retail businesses. Its strategic placement directly adjacent to a BART station ensures excellent accessibility and caters to a strong demographic within the immediate trade area. The Net Net Net (NNN) lease structure provides a straightforward and efficient ownership model. The building seamlessly integrates residential, retail, and parking components, with parking conveniently located in a basement level. This is a rare chance to acquire a newly built, ground-floor retail space in a thriving South San Francisco location. The total square footage is easily divisible to accommodate multiple tenants or a single large occupant. This property offers a compelling combination of location, modern construction, and a strong potential for return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $6,701,293

  6.5%

  $6,185,809

  7%

  $5,743,966

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,955,894

  Geo Method

  $7,605,206

• Alternative Use

  Use

  Valuation

  Residential

  $6,185,809

  Hospitality

  $5,666,168

  Educational

  $4,714,185

  Medical

  $4,876,313

  Retail

  $7,333,176

Location Insight

City

South San Francisco

County

San Mateo

State

California

Latitude

37.6655

Longitude

-122.445

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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