Share This Listing

Message

928 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

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
Auto Repair
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

CorePower Yoga
CrossFit
Starbucks
Whole Foods
Citi
Bank of America
Chase Bank
Edeka
Trader Joe's
Bi-Rite

Property Taxes

Property Taxes

Parcel Number
0598-012
Land Assessment
$287,618
Improvements Assessment
$194,740
Total Assessment
$482,358
  • Listing ID: 24902786

  • Date on Market: 1/27/2020

  • Last Updated:

  • Address: 1641 Jackson St, San Francisco, CA 94109

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}