1235-1243 Sutter Street – Commercial Building in Hot Van Ness Corridor

$8,280,000
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PROPERTY HIGHLIGHTS
Fantastic retail building or development site 
* One of hottest areas of San Francisco 
* Van Ness Corridor 
* Building Size: Approximately 17,800* sq. ft. 
* Lot Size: Approximately 8,268* sq. ft.; (68.75 ft. x 120 sq. ft) 
* Beautiful retail space with high ceilings and great natural light 
* Located near the new $2.1 Billion California Pacific Medical Center Campus. 
* Excellent property for owner users, investors or developers. 
* Pro Forma Cap Rate: 6.5% 
 
Offered at $8,280,000
A rare opportunity to acquire substantial retail building or development site in one of hottest areas of San Francisco located in the center of the Van Ness Corridor. Constructed in 1914, the building consists of approximately 17,800 square feet of beautiful retail space with high ceilings and great natural light. The square footage is spread over three floors. Access to the building, is on two streets, Sutter and Hemlock. Lot size is approximately 8,268 sq. ft. There is 69 feet frontage on Sutter and the property is 120 feet deep.
The building is located near the new $2.1 Billion-dollar California Pacific Medical Center Campus. The 274 bed, 700,000 square foot campus will bring an enormous number of new employees within a block and a half of 1235-1243 Sutter Street. The Van Ness corridor has been a hotspot for high-density residential and Commercial mixed-use development, with large high-rise projects being developed in the near future. There are over 1,000 new residential units that are being constructed or are in the different phases of planning. This space provides an early opportunity to secure a location to service the new residents moving into the neighborhood.
Existing Sutter Street retail tenancies are month to month. Hemlock warehouse is vacant.
Excellent property for owner users, investors or developers.
Showing Schedule
Wednesday 6/27 – 2:00 PM to 3:00 PM
Monday 7/2 – 2:00 PM to 3:00 PM
Wednesday 7/11 – 3:00 PM to 4:00 PM
Monday 7/16 – 1:00 PM to 2:00 PM
Monday 7/23 – 2:00 PM to 3:00 PM
Monday 7/30 – 2:00 PM to 3:00 PM
Showings by Appt. Only Outside These Times

 

 

Co-Listed with:

Daniel K. McGue
Executive Vice President
Paragon Commercial Brokerage, Inc.
(415) 738-7201 Direct

Property Map

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Pending

Live your dream in San Francisco!

1601 Pacific Ave., #202
  • Lot Area 1152 Sq. Ft
  • Bedrooms 2
  • Bathrooms 2.5
$1,199,000 View More Details