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Retail/ Owner User/Redevelopment 1641 Jackson St 24,000 SF 100% Leased Retail Building San Francisco, CA 94109 $8,250,000 ($343.75/SF) 4.07% Cap Rate



Executive Summary
1641 Jackson Street is a stunning 24,000+/- sq ft commercial building built in 1914 with a historically signficant front window/related facade (Category A2 Historic Resource). The property is well-located in the desirable Polk Gulch/Lower Nob Hill neighborhood of San Francisco blocks east of Pacific Heights. The property is improved with a currently operating auto repair shop on a short-term lease at $28,000 per month plus taxes, insurance and maintenance (outside of foundation and structure). Current tenant lease expires 4.1.2028 with a 6-month bilateral termination right is in place as well. The current short-term lease offers immediate in-place income with flexibility for an owner user or future repositioning. Located within the Polk Street Neighborhood Commercial District (NCD) zoning district, the property benefits from a combination of commercial functionality and long-term redevelopment potential. The zoning allows for a wide range of uses in one of San Francisco’s most centrally connected neighborhoods. 1641 Jackson Street is ideally suited for an owner-user seeking a centrally located facility—including automotive, retail service, retail, recreation, redevelopment uses—given the ideal location, hard-to-find building size, private drive-in access, below grade onsite parking and proximity to major corridors and dense customer bases. The short-term tenancy allows a buyer to secure a prime location while maintaining the option to occupy immediately or reconfigure the space to meet operational needs. 1641 Jackson Street is an exceptional opportunity to establish long-term control in a supply-constrained market.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
24,000 SF
Building Class
C
Year Built
1914
Price
$8,250,000
Price Per SF
$343.75
Cap Rate
4.07%
NOI
$336,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.97
Lot Size
0.28 AC
Zoning
NCD - Polk Street Neighborhood Commercial District (NCD)
Exceptionally walkable
90/100
Fairly drivable
50/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0598-012 | Improvements Assessment | $194,740 |
| Land Assessment | $287,618 | Total Assessment | $482,358 |
Property Taxes
Parcel Number
0598-012
Land Assessment
$287,618
Improvements Assessment
$194,740
Total Assessment
$482,358
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Retail/ Owner User/Redevelopment | 1641 Jackson St
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