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Browse More Listings in Retail For Sale, San Francisco, CA or California

Retail Property For Sale

Major Price Reduction, Boutique Retail/Mixed-Use

551 Hayes Street, San Francisco, CA 94102

Price:
$2,950,000
Building Size:
9,891 SF
Price/SF:
$298.25
Property Type:
Retail
Property Sub-type:
Street Retail
Additional Sub-types:
Garden/Low-Rise
Office Building
Restaurant
Property Use Type:
Investment
Commission Split:
2.5%
Occupancy:
100%
No. Stories:
5
Tenancy:
Multiple
Lot Size:
3,300 SF
Find Out More...

Last Verified 10/16/2009 Listing ID 16299047

Highlights

Possible Owner/User Opportunity
Potential Upside in Income
Great 1031-Exchange property in one of San Francisco's best neighborhoods

Strong commercial tenant in-place with over 25 years of stable business history
Recent Roof, Electrical and Plumbing Upgrades
Large lot. Potential development opportunity above existing commercial facing Linden Street.

Description

MAJOR PRICE REDUCTION

547-551 Hayes Street - Best retail block in Hayes Valley!

ORIGINAL PRICE: $3,350,000
NEW PRICE: $2,950,000
Price drastically reduced for a quick close!!

Sellers willing to lease back for up to 5 years at a proposed 6% cap rate or vacate (depending upon Buyer' s needs).

Prime retail fronting Hayes and Linden Streets plus two stories of residential apartments above.

The apartments consist of two 1 bedroom/1 bath units on the second floor and one upgraded 3 bedroom/2 bath unit on the third floor.

Located on Hayes Street between Laguna and Octavia.

Please, do not disturb the tenants or the ongoing business/operation.

All inquiries and tours must be directed/ scheduled through listing broker in advance.

Map of 551 Hayes Street, San Francisco, CA 94102 (San Francisco County)

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Contact Listing Broker

Joshua Reed (415) 215-5121

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Created 6/30/2009

Additional Information for 551 Hayes Street, San Francisco, CA 94102

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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Nearby Recently Sold Retail propertiesSearch all recently sold commercial real estate

Street Retail
Sold 4Q 2006
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Sold 4Q 2004
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Sold 3Q 2007
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Sold 1Q 2004
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Sold 4Q 2004

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Retail Property For Sale - Major Price Reduction, Boutique Retail/Mixed-Use

551 Hayes Street, San Francisco, CA, 94102