Property Details
About this Property
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 Listing Information
MLS #
SF422710168
MLS Source
San Francisco Association of Realtors® MLS
Days on Site
719
Commercial Information
# Buildings / # Units
0
Parking Spaces
11
Present Use
Food Service, Retail
Contact Information
Listing Agent
Brian Leung
Compass Commercial
License #: 01203473
Phone: (415) 278-7838
Co-Listing Agent
Jeremy Lee
Compass Commercial
License #: 01951309
Phone: (415) 988-9719
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 0 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1040 Columbus Ave is a Commercial Sale in San Francisco, CA 94133. This 10,572 square foot property sits on a 0.273 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $6,500,000 and was built in 1950. This address can also be written as 1040 Columbus Ave, San Francisco, CA 94133.
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This listing information is up-to-date as of August 13, 2024. For the most current information, please contact Brian Leung, (415) 278-7838
