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1234 Grant Ave
San Francisco, CA 94133
Retail Property For Sale


Investment Highlights
- Historic North Beach Neighborhood Location.
- Ground Floor Tenant (The Showdown) Recently Signed a New 10 Year Lease, Showing Dedication to the Site
- Excellent Demographics - 579,823 Residents with Average Household Incomes of $108,675 in a 1-Mile Radius.
- Trophy Hard Corner Real Estate on Heavily Trafficked Street.
- Stable Cash Flow with 8 Years of WALT remaining.
Executive Summary
Touchstone Commercial Partners is pleased to offer investors an opportunity to purchase the fee simple interest in 1234 Grant Avenue, San Francisco, CA 94133.
The approximately 8,600 square feet, three-story building with a lower level sits on approximately 2,300 square feet of land. Located in the heart of North Beach, this is a unique and rare opportunity to purchase a building in one of San Francisco’s most desirable neighborhoods.
This property will be delivered fully occupied by two tenants on a triple net basis, making this a perfect opportunity for an investor looking for stable cash flow.
In the last year, the property has been extensively renovated with significant capital investment, including a full electrical upgrade, complete exterior repainting and refinishing, three new bathrooms (including a walk-in shower), new wide-plank European white oak flooring, a fully renovated kitchen with marble countertops and stainless steel appliances, new recessed lighting and fixtures throughout, fresh interior paint, new decking at the sun deck, and thoughtful interior reconfiguration.
All prospective buyers should assume the subject property will be delivered on an “As-Is, Where-Is” basis at the Close of Escrow.
Prospective buyers will have the opportunity to tour the subject property and begin initial due diligence immediately. All prospective buyers are encouraged to make an offer at any time. All offers are to be delivered to Touchstone Commercial Partners, Inc.
The approximately 8,600 square feet, three-story building with a lower level sits on approximately 2,300 square feet of land. Located in the heart of North Beach, this is a unique and rare opportunity to purchase a building in one of San Francisco’s most desirable neighborhoods.
This property will be delivered fully occupied by two tenants on a triple net basis, making this a perfect opportunity for an investor looking for stable cash flow.
In the last year, the property has been extensively renovated with significant capital investment, including a full electrical upgrade, complete exterior repainting and refinishing, three new bathrooms (including a walk-in shower), new wide-plank European white oak flooring, a fully renovated kitchen with marble countertops and stainless steel appliances, new recessed lighting and fixtures throughout, fresh interior paint, new decking at the sun deck, and thoughtful interior reconfiguration.
All prospective buyers should assume the subject property will be delivered on an “As-Is, Where-Is” basis at the Close of Escrow.
Prospective buyers will have the opportunity to tour the subject property and begin initial due diligence immediately. All prospective buyers are encouraged to make an offer at any time. All offers are to be delivered to Touchstone Commercial Partners, Inc.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,600 SF
Building Class
B
Year Built/Renovated
1906/2005
Price
$7,950,000
Price Per SF
$924.42
Cap Rate
6.25%
NOI
$496,875
Percent Leased
65%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.47
Lot Size
0.08 AC
Zoning
NCD North Beach - North Beach Neighborhood Commercial
Frontage
62’ on Vallejo Street
Property Taxes
| Parcel Number | 0145-044 | Improvements Assessment | $1,367,896 |
| Land Assessment | $2,051,845 | Total Assessment | $3,419,741 |
Property Taxes
Parcel Number
0145-044
Land Assessment
$2,051,845
Improvements Assessment
$1,367,896
Total Assessment
$3,419,741
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