Current Use by Public Records
- Retail properties & Spaces
Property Details for 0 Nda Required
- Property type
- Retail properties & Spaces
Description
This pre-operational cannabis dispensary in San Francisco's Excelsior/Cayuga Terrace neighborhood presents a unique investment opportunity. The 3,385 square foot, two-story mixed-use property boasts a prime location at a lighted intersection with approximately 20,000 cars passing daily. The building includes a 1,450 square foot ground floor retail space ideal for build-out, plus two existing residential units leased month-to-month, generating a combined $2,200 monthly rental income. The property benefits from strong demographics, including a population of approximately 185,000 within a two-mile radius and an average household income of roughly $160,000 per year. Its proximity to major transportation arteries, such as Interstate 280 and the Balboa Park BART station (a 10-minute walk), further enhances its appeal. The location's WalkScore boasts a 95 for walkers, 84 for transit, and 74 for biking, indicating excellent accessibility. The property's strategic placement minimizes competition, with only three operational dispensaries within a 2,500-foot radius. This presents a compelling opportunity for an owner-user or investor seeking a high-growth potential business in a thriving market. The asking price is $499,000, with the option to lease or purchase the property separately. A social equity permit is available at 40%. The property's strong location and demographics suggest a strong resale value for future exit.
Value Estimations
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AI approach
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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
- -122.441
- Latitude
- 37.7225
