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    Listing ID422710168
    Price$6,500,000
    StatusActive
    SqFt 10,572
    Acres 0.274
    CountySan Francisco
    Year Built1950
    Property TypeCommercial Sale
    Property Sub TypeRetail
    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.
    Listing Courtesy of Brian Leung, Compass Commercial
    ©2024 San Francisco Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.

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    Contact - Listing ID 422710168


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    Susan Hewitt

    20 Fernwood Way
    San Rafael, CA 94901
    Phone: 4154072151
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