50-60 Otis St - R&D FOR SALE


San Francisco, CA 94103
$3,400,000 USD
415-517-5400
50-60 Otis St, San Francisco, CA for Sale
$3,400,000 USD
R&D - FOR SALE
1/23
null | Request Cap Rate

50-60 Otis St
San Francisco, CA 94103


HIGHLIGHTS

  • At the Intersection Between South of Market, Hayes Valley, Van Ness Corridor and the Mission District
  • FLEXIBLE USES The Property Can Be Used By A Single User or Easily Divided Into A Multiple Tenant Property
  • Full HVAC System Incorporated in the Whole Building
  • Walking Distance to Civic Center BART Station, Muni Light Rail and A Couple Blocks From Hwy 101 on-ramp
  • Large Windows On Two Sides Provide Ample Natural Light
  • Long Term Potential For Multifamily Residential Development Akin To Neighboring Properties

OVERVIEW

Touchstone Commercial Partners is pleased to offer the opportunity to purchase or lease 50-60 Otis Street / 95 Brady Street, centrally located just a block away from the bustling Market Street and Van Ness Avenue intersection and only a few blocks from the Highway 101 on-ramp. The property has been family owned and managed for multiple generations. For the last 15+ years it was 100% leased to an award-winning architecture firm with a national presence. Prior to that, it was split into three separate commercial units, with a roll up door on Otis Street. The local area has been transformed the last 5 years with several multi-family developments completed nearby including Chorus, a 416-unit high-end apartment complex, located two doors away from the 50-60 Otis that houses a 227-seat performance art venue called Chorus Hall. Although the subject property is currently ready to occupy for new tenants or an owner-user business, the property zoning does make this a prime corner residential development site in the future.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$368 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

R&D

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

UTILITIES

Water - City, Sewer - City

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11

LAND SF

4,792

ZONING

NCT-3

APN/PARCEL ID

3505-021

ASK ABOUT THIS PROPERTY

John-Clay MorrisTouchstone Commercial Partners, Inc.More Info
415-517-5400

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John-Clay MorrisTouchstone Commercial Partners, Inc.More Info
415-517-5400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.