1040 Columbus Avenue

San Francisco, CA, 94133

$6,500,000

$614 per ft²
$6,500,000
$614 per ft²
Active
Active
 - For Sale
carpenters-square
10,572 ft²
property_type
Commercial
calendar
Built 1950
1040 Columbus Avenue is a large retail property and parking lot in the North Beach neighborhood. The property is an opportunity for an investor to receive a Proforma CAP 4.95% return while preparing for future development. The structure 10,572 SF is located on an 11,918 SF corner lot with frontage on Columbus and Taylor. The property has a spacious kitchen, large bar, dining rooms, outdoor patio, and a mezzanine office. The kitchen is equipped with 30'+ hood and prep area. There is an 11-car parking lot and pole signage. The property is in the path of development and a candidate for high density redevelopment. Zoning permits up to 29 dwelling units or 85 group housing units. Development continues to progress nearby with a neighboring parcel already approved for 56 units. Columbus Avenue is a major retail thoroughfare bookended by Fisherman's Wharf and the Financial District. A mix of tourists, residents, and professionals walk this corridor on their way to its many cafes and restaurants. The area's well-known destinations include Washington Square, City Lights Bookstore, and St. Peter and Paul Church. The property's investment appeal is its location, dense population of residents, and outstanding upside potential through tenant repositioning and development.
MLS® ID:
422710168
Listed:
11/13/22
Updated:
1/31/23

Exterior/Building Features

Lot Size
0.27 acres lot
Lot Details
Corner Lot, City Lot

Other Property Details

Area Name
SF District 8
Garage
No
Parking
Uncovered
Parking Total
11.0
View
N
County
San Francisco
Pool
No

Courtesy of Brian Leung, DRE #, Compass Commercial
Listing Contact:  

Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS, but is not warranted. Data last updated on 1/31/23.

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Data last updated 7:51 PM UTC, 1/31/23

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