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Listed by Jeremy Lee Compass Commercial
$2,199,000
Est. payment /mo
7,110 SqFt
UPDATED:
10/25/2024 11:25 PM
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 7,110 sqft
Price per Sqft $309
MLS Listing ID 424041436
HOA Y/N No
Year Built 1953
Lot Size 4,120 Sqft
Acres 0.0946
Property Description
Occupy the second floor and pay less than a lease at a comparable unit: Monthly Cost to Own 8 Persia/4696 Mission is ~$6,349/Mo. (SBA Mortgage minus Net Operating Income) VS. Average Cost to Lease a Comparable 3,560 SF Unit is ~$11,223/Mo. 8 Persia Avenue/4696 Mission Street is a commercial property located on a signalized corner in the Mission Terrace District of San Francisco. The property is +/-7,110 SF. It features wraparound frontage along Mission St, Persia Ave, and Ruth St, enabling visible signage opportunities. The ground floor is a retail space of +/-3,550 SF, characterized by high ceilings, abundant natural light, an open retail area, and storage rooms. This space is currently leased to a beauty shop with term ending in 2028. The +/-3,560 SF second floor is ideal for an office, retail, or professional services owner-user who can occupy it while collecting rental income. Mission Terrace boasts excellent connectivity to MUNI, BART, and Hwy 280. Key thoroughfares like Ocean Ave, Alemany Blvd, and Mission St provide a constant source of traffic. It's also a hub for restaurants and retailers and is near CCSF. The investment appeal of the property is its prominent corner location, owner-user potential, and flexible allowable uses.
Location
State CA
County San Francisco
Area Sf District 10
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 6955043
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Rebecca Brooks
San Francisco Bay Area Team Leader | License ID: 1249870
San Francisco Bay Area Team Leader License ID: 1249870