1829 Market St San Francisco, CA 94103

Property Details for 1829 Market St

Year built

1986

Property size

5,780 SF

Property type

Retail properties

Property subtype

Office Properties & Spaces

Description

This exceptional mixed-use commercial condo, located at 1829 Market Street, Suite 1 in San Francisco, CA 94103, presents a unique investment opportunity. The 5,780 square foot property boasts a prime corner location in a vibrant neighborhood, surrounded by Hayes Valley, the Lower Haight, Duboce Triangle, The Castro, and the Mission District. This two-story building features two ground-floor retail spaces with high visibility and expansive windows, ideal for attracting customers. The second floor comprises ten private offices, benefiting from abundant natural light, two bathrooms (one ADA compliant), and a shared pantry. Built in 1986, this meticulously maintained asset offers a strong current NOI of $203,980 and a pro-forma NOI of $229,060, translating to a 6.18% cap rate and a pro-forma cap rate of 6.94%. The asking price is $3,300,000, with a price per square foot of $570.93. The property is zoned NC3 and sits on a 3,437 square foot lot. Its convenient location offers exceptional accessibility to major transportation options including the Central Freeway, Muni, bus, BART, and Caltrain. This owner/user opportunity is perfect for those seeking a well-located, high-performing asset in a thriving San Francisco market with anticipated income growth. The property includes 12 units in total across the two stories.

Location Insight

City

San Francisco

County

San Francisco

State

California

Longitude

-122.424

Latitude

37.771