1401 Folsom St
San Francisco, CA 94103
Land For Sale · 0.14 AC

PRICE: $3,250,000 Covered Land Carry for Developers - Great Income for Investors CAP RATE 5.5% First time on the market in 80 years. 1401 Folsom Street is a 5,998 square foot corner lot located at Folsom and 10th Streets in San Francisco's South of Market area. There are approximately 100 feet of frontage on 10th Street and 60 feet of frontage on Folsom Street. The property is a flat, paved self-pay parking lot with a large, leased billboard. The billboard company acknowledges through its estoppel that its interest is that of a lessee, and not of an owner. There are two tenants: the billboard company and the parking lot operator. Phase 1 and Phase 2 Environmental Reviews, and a Geophysical Survey have been completed indicating no need for further investigation. These reports, leases w/estoppels, and disclosures available upon request. The property is in San Francisco's South of Market area on a busy corner. 10th Street is one way south and a major thoroughfare to Highway 101 South and Highway 80 East/Bay Bridge. Folsom Street is one east with a dedicated bike lane. The neighborhood has a vibrant mix of tech businesses, housing, cafes/restaurants, and shopping. The property enjoys a Walk Score of 97, a Bike Score of 99, and a Transit Score of 95. CAP Rate 5.5% Zoning is RCD