2256 Market ST Active Save Request In-Person Tour Request Virtual Tour
San Francisco,CA 94114
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 6,167 sqft
Price per Sqft $405
MLS Listing ID 425037046
Bedrooms 3
HOA Y/N No
Year Built 1904
Lot Size 2,874 Sqft
Acres 0.066
Property Sub-Type Mixed Use
Property Description
Combined price of $6,975,000. 2256 Market Street (9 units) and 2260 Market Street (7 units) are two mixed-use buildings offered as a single investment property in the heart of San Francisco's Upper Market/Castro neighborhoods. The two retail spaces are fully leased to stable tenants--Walgreens Pharmacy, through at least 2035, and StretchLab, a popular fitness studio, through 2035. The residential component consists of 14 apartments/flats. Both buildings are separately metered for electricity, while one is master-metered for gas. With a stabilized mix of commercial and residential tenants, strong income, and low operating expenses, this rare investment opportunity offers a projected 6.94% rate of return and a 8.92 GRM. Soft story retrofit required for 2260 Market St; retrofit work being completed for 2256 Market. [Offered as a single investment; please also see 2256 Market Street; MLS listing 425037046.]
Location
State CA
County San Francisco
Area Sf District 5
Zoning NVT - Upper Market
Interior
Flooring Carpet,Tile,Wood
Fireplace No
Appliance Dishwasher,Free-Standing Gas Range,Free-Standing Refrigerator
Laundry Common Area,Washer/Dryer Hookups
Building
Lot Description None
Story 3
Level or Stories Four
New Construction No
Others
Tax ID 3560009