1149 Folsom Street, San Francisco, CA

Name: 1149 Folsom Street, For Sale in San Francisco - Zoocasa
Brand: Compass Commercial
SKU: 426165178
Price: 2150000 USD

House

For Sale

Listed price in listed location currency (USD).

$2,150,000

000

MLS® 426165178

Overview

Key Facts

Type Retail

Levels Commercial Sale

Size 3620 sqft

Garage

Taxes

Days Active 2

Lot Size 0.0517 Acres

Approx. Age 1987

Avg. Price Per Sqft $593

MLS® Number 426165178

Property Address: 1149 Folsom Street, San Francisco, CA, 94103

Average square foot calculated using Size range provided by listing agent.

Description

1149-1151 Folsom Street is a freestanding, single-tenant bar/nightclub building in the heart of San Francisco's Western SoMa entertainment corridor. The 3, 620 SF two-story building sits on a 2, 250 SF lot at the corner of Hallam Street, between 7th and 8th Streets, and is 100% leased to a bar/nightclub operator in place since 2004 at $11, 000 per month ($132, 000 annually) under a lease running through March 31, 2028. At the asking price of $2, 150, 000 ($594/SF) the in-place income produces a 5.57% cap rate and a 16.3 GRM. The property is zoned Folsom Street NCT (Neighborhood Commercial Transit) with a 65-X height limit and shares the block with the Bloodhound, The Stud, Cat Club and F8, with I-80 / US-101 access two blocks south.

MLS® Number426165178

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1987

Basement

Driveway

Garage Spaces

Heat

A/C

Extras

Map

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