Active

1040 Columbus Avenue

San Francisco CA, 94133

$6,500,000


$614.83 per sqft

Active

10,572 sqft

Commercial

Built in 1950

1040 Columbus Avenue is a large retail property and parking lot in the North Beach neighborhood. The property is an opportunity for an investor to receive a Proforma CAP 4.95% return while preparing for future development. The structure 10,572 SF is located on an 11,918 SF corner lot with frontage on Columbus and Taylor. The property has a spacious kitchen, large bar, dining rooms, outdoor patio, and a mezzanine office. The kitchen is equipped with 30'+ hood and prep area. There is an 11-car parking lot and pole signage. The property is in the path of development and a candidate for high density redevelopment. Zoning permits up to 29 dwelling units or 85 group housing units. Development continues to progress nearby with a neighboring parcel already approved for 56 units. Columbus Avenue is a major retail thoroughfare bookended by Fisherman's Wharf and the Financial District. A mix of tourists, residents, and professionals walk this corridor on their way to its many cafes and restaurants. The area's well-known destinations include Washington Square, City Lights Bookstore, and St. Peter and Paul Church. The property's investment appeal is its location, dense population of residents, and outstanding upside potential through tenant repositioning and development.

422710168

MLS ID

November 14, 2022

Listed

July 12, 2024

Updated

Map

1040 Columbus Avenue
San Francisco CA, 94133

Interior Features

Total Stories

0


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.27 Acres


Lot Features

Corner Lot, City Lot

Other Property Details

Area Name

SF District 8


Garage

No


Parking

Uncovered


Parking Total

11


View

No


County

San Francisco


Pool

No

Listed by Brian Leung with Compass Commercial

Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS, but is not warranted. Data last updated on 7/12/2024.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Sherry Ramzi | CA DRE# 01057486 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 San Francisco Association of REALTORS. All rights reserved. 

Data last updated 7:43 PM UTC, 7/12/2024

Powered byLuxury Presence