3065-3069 16th St 6,725 SF 53% Leased Retail Building San Francisco, CA 94103 $2,950,000 ($438.66/SF) 4.87% Cap Rate

3065 16th Street is a three unit mixed-use building with a type 47 liquor license in the heart of the Mission. The property has fantastic potential for an owner-operator of a restaurant, bar, or entertainment venue. Sellers are willing to offer up to 75% LTV seller financing.
The ±6,725 SF building sits on a 2,869 SF lot and consists of a retail space which spans two stories and two full floor five-room flats. The retail space is currently a vacant bar which has a type 47 liquor license attached. Ownership has spent $75,000 on structural upgrades and architectural fees to have an approved plan set to convert the retail space from one to two floors.
The property is located in the heart of the Mission District, between the Valencia and Mission commercial corridors; it is San Francisco’s hottest submarkets for young working professionals in the City and is considered to be the cultural and artistic epicenter of San Francisco. The location is surrounded by a number of well-regarded restaurants, ranging from simple comforts like Venga Empanadas, Curry Up Now, Hawker Fare, and CREAM to more upscale options like Lazy Bear, Prubechu, and Dear Inga. The neighborhood is within biking distance to the rest of Downtown San Francisco and is conveniently located next to multiple forms of public transportation and highway 101/interstate 80.
The investment appeal of 3065 16th Street is driven by its premier location Inner Mission, San Francisco’s proximity to strong local employers, robust housing market, exceptionally well-maintained infrastructure.