Agent Photo
Elisa Uribe
  • Lic.# 01427070
Golden Gate Sotheby's International Realty
Golden Gate Sotheby's International Realty home

San Francisco, California, San Francisco County, 94133

$6,500,000
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$6,500,000
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10,572 Sq Ft.
Interior
.2736 Acres
Exterior
Retail
Property type
1950
Year Built
422710168
Web Id
422710168
MLS ID
North Beach
Subdivision
San Francisco Unified
School District

1040 Columbus Avenue

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.

Listing Courtesy of Brian Leung , Compass Commercial

PROPERTY INFORMATION

Location
Downtown
Parking Description
Uncovered

EXTERIOR

Construction
Wood
Lot Description
Corner
Listing Courtesy of Compass Commercial
Elisa Uribe
Elisa Uribe
  • Lic.# 01427070
2 Tunnel Road
Berkeley, California, Alameda County, 94705
Listing Courtesy of Compass Commercial
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