3749 Buchanan St, San Francisco, CA 94123

Property Details for 3749 Buchanan St

Year built

1996

Property type

Retail properties & Spaces

Property subtype

Retail space

Description

This exceptional investment opportunity presents a two-unit retail condominium in San Francisco's coveted Marina District. The property, located at 3749 Buchanan Street, boasts a total of 4,466 square feet, strategically positioned on a prominent corner lot at the intersection of Marina Boulevard and Buchanan Street. One unit, comprising 1,978 square feet, is currently occupied by a United States Postal Service (USPS) office, providing a stable income stream. The second unit, a spacious 2,488 square feet, is vacant and presents a significant opportunity for lease-up or owner-occupancy. Both units benefit from expansive window frontage, maximizing natural light and providing excellent visibility for signage. The building is a mixed-use development, incorporating residential units above the retail spaces. The property enjoys exceptional visibility and accessibility, situated directly across from a high-performing Safeway grocery store. The Marina District is known for its abundant amenities, including Fort Mason Center, Marina Green Park, St. Francis Yacht Club, and Moscone Recreation Center, attracting significant foot and vehicular traffic. Marina Boulevard alone sees over 18,000 vehicles daily. The property's financial performance is highlighted by a pro-forma NOI of $207,420 and a pro-forma cap rate of 5.76%. The asking price is $3,600,000, with a price per square foot of $806.09. Monthly HOA dues are $1,048. Built in 1996, this property offers a compelling blend of established income and significant upside potential in a highly desirable location.

Location Insight

City

San Francisco

County

San Francisco

State

California

Longitude

-122.434

Latitude

37.8047