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Vacant Repositioning Opportunity | Downtown 650 Sacramento St 10,465 SF Vacant Office Building Online Auction Sale San Francisco, CA 94111
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Investment Highlights
- Don’t miss out on the chance to acquire a historic boutique office opportunity ideal for repositioning in San Francisco.
- Many prominent retailers, restaurants, and conveniences are within walking distance, including Walgreens, Hilton San Francisco, Subway, and more.
- Within 5 miles, the area boasts an impressive average household income of $159,029, while total spending soars beyond $10 billion.
- Central location in the San Francisco Financial District and walking distance to Union Square and Nob Hill, ensuring efficient commutes.
- Broad zoning allows for many different avenues moving forward, perfect for savvy investors and developers seeking their next property.
Executive Summary
Sotheby’s International Realty is offering the chance to acquire 650 Sacramento Street, a charming and historic four-story office building located in San Francisco’s Financial District.
Built in 1909, this 10,465-square-foot property features classic architecture and a rich heritage, making it a unique opportunity for investors. Currently, the entire building is vacant, giving buyers flexibility to lease the space to one or more tenants, or to use the property themselves and customize it to their needs. With in-place Chinatown Community Business (CCB) zoning, the opportunities are endless. CCB is a specific, high-density, mixed-use zoning district in San Francisco designed to support the neighborhood's unique character by encouraging a mix of housing, local retail, and small businesses. It allows for residential, commercial, and, in some cases, light industrial uses. 650 Sacramento Street is an excellent candidate for conversion from office to residential use. Its prime location in the heart of the Financial District makes it especially attractive for redevelopment into luxury residential units, taking advantage of the growing demand for high-end housing in this vibrant area.
Situated between Nob Hill and the North Beach, makes it a strong candidate for investment and redevelopment. Known as a leading destination for shopping, dining, and entertainment, the neighborhood offers convenient access to other parts of the city. The property at 650 Sacramento Street is close to both local and national retailers, with places like the Omni San Francisco Hotel, The Hyatt Regency Hotel, The Embarcadeo Center, Starbucks, Leo’s Oyster Bar, and others just a block away. Residents also have easy access to green spaces such as Portsmouth Square Park and Transamerica Redwood Park, both within walking distance.
San Francisco is a leading center for economic development, with strong industry clusters in technology, healthcare, and professional services supporting long-term market stability. The city’s status as an innovation hub is reflected in its high concentration of technology and knowledge-based jobs. Major companies like Open AI, Salesforce, Google, Meta, Uber, Airbnb, and Stripe are established in the area. These strengths are enhanced by top educational institutions, global connectivity, and a diverse, engaged workforce.
This property represents a rare opportunity to reposition or repurpose a historic asset in one of San Francisco’s most desirable neighborhoods.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Built in 1909, this 10,465-square-foot property features classic architecture and a rich heritage, making it a unique opportunity for investors. Currently, the entire building is vacant, giving buyers flexibility to lease the space to one or more tenants, or to use the property themselves and customize it to their needs. With in-place Chinatown Community Business (CCB) zoning, the opportunities are endless. CCB is a specific, high-density, mixed-use zoning district in San Francisco designed to support the neighborhood's unique character by encouraging a mix of housing, local retail, and small businesses. It allows for residential, commercial, and, in some cases, light industrial uses. 650 Sacramento Street is an excellent candidate for conversion from office to residential use. Its prime location in the heart of the Financial District makes it especially attractive for redevelopment into luxury residential units, taking advantage of the growing demand for high-end housing in this vibrant area.
Situated between Nob Hill and the North Beach, makes it a strong candidate for investment and redevelopment. Known as a leading destination for shopping, dining, and entertainment, the neighborhood offers convenient access to other parts of the city. The property at 650 Sacramento Street is close to both local and national retailers, with places like the Omni San Francisco Hotel, The Hyatt Regency Hotel, The Embarcadeo Center, Starbucks, Leo’s Oyster Bar, and others just a block away. Residents also have easy access to green spaces such as Portsmouth Square Park and Transamerica Redwood Park, both within walking distance.
San Francisco is a leading center for economic development, with strong industry clusters in technology, healthcare, and professional services supporting long-term market stability. The city’s status as an innovation hub is reflected in its high concentration of technology and knowledge-based jobs. Major companies like Open AI, Salesforce, Google, Meta, Uber, Airbnb, and Stripe are established in the area. These strengths are enhanced by top educational institutions, global connectivity, and a diverse, engaged workforce.
This property represents a rare opportunity to reposition or repurpose a historic asset in one of San Francisco’s most desirable neighborhoods.
Property tours are available by appointment only. Please contact the listing broker to schedule.
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Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Property Information
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Commercial Seller Property Quesitonnaire
- Building Plans
- Zoning
- Title and Insurance
Market Analytics Click Here to Access
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Building Size
10,465 SF
Building Class
C
Year Built
1909
Tenancy
Single
Building Height
4 Stories
Typical Floor Size
2,616 SF
Building FAR
3.89
Lot Size
0.06 AC
Parcel Number
0227-013
Zoning
CCB - CCB
Amenities
- Signage
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Demographics
Demographics
1 mile
3 mile
5 mile
2024 Population
119,843
393,937
638,285
2020 Population
121,562
396,829
658,312
2029 Population
122,452
403,166
649,583
2024-2029 Projected Population Growth
2.2%
2.3%
1.8%
Daytime Employees
234,394
431,012
534,747
Total Businesses
22,296
50,763
64,262
Average Household Income
$128,771
$159,201
$163,445
Median Household Income
$86,501
$126,611
$133,443
Total Consumer Spending
$1.8B
$6.4B
$10B
Median Age
42.8
40.5
41.4
2024 Households
63,516
192,829
287,636
Percent College Degree or Above
31%
37%
35%
Average Home Value
$953,531
$998,595
$1,015,880
Sale Advisor
Sale Advisor
Rich Lewetzow, Senior Partner
Rich Lewetzow is a proven professional with a broad range of experience in business development, sales management and client relations. As a fifth-generation San Franciscan, Rich has garnered a well-respected name in the industry due in large part to his close ties with community members of the Bay Area and his expert knowledge of the local real estate market and trends.
Rich launched his real estate career in 2009 after founding the City By The Bay Real Estate Group, which he currently manages alongside a team of top producing real estate professionals. Rich specializes in representing buyers and sellers in luxury residential and commercial development projects and site acquisitions and sales. In addition, he is the co-founder of Barbary Coast Builders, a local development company specializing in the renovation of existing properties to bring them to their highest and best use.
For those looking to develop real estate, Rich’s strong negotiation skills coupled with his proven marketing strategy help provide the service and results that you deserve from a real estate professional. Rich understands the importance of the developer’s vision and has earned the trust of his clients through his honest work, extensive experience selling high volume accounts and close attention to detail.
Rich launched his real estate career in 2009 after founding the City By The Bay Real Estate Group, which he currently manages alongside a team of top producing real estate professionals. Rich specializes in representing buyers and sellers in luxury residential and commercial development projects and site acquisitions and sales. In addition, he is the co-founder of Barbary Coast Builders, a local development company specializing in the renovation of existing properties to bring them to their highest and best use.
For those looking to develop real estate, Rich’s strong negotiation skills coupled with his proven marketing strategy help provide the service and results that you deserve from a real estate professional. Rich understands the importance of the developer’s vision and has earned the trust of his clients through his honest work, extensive experience selling high volume accounts and close attention to detail.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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Auction Contact
Jameson Kuykendall
Contact
Auctioneer License:
Ten-X Jessica Figueroa RE Brkr 01937601. Ten-X Auction Surety Bond 106465786
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
Contact the Sale Advisor
Vacant Repositioning Opportunity | Downtown | 650 Sacramento St
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Vacant Repositioning Opportunity | Downtown | 650 Sacramento St
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