Newmark is pleased to offer for sale the fee simple interest in 50 Cosmo Place, a ± 8,783 SF parking lot in downtown San Francisco. 50 Cosmo has been a highly successful parking facility for more than 40 years and is surrounded by some of the most prominent hotels, clubs and restaurants in the City. The lease with the current parking operator expires in June, 2024 with no options to extend, providing the next owner with the option to operate the parking lot or enter into a new parking agreement at market terms. The 50 Cosmo lot is next door to Le Colonial, a landmark San Francisco restaurant, one block from the Bohemian Club and Olympic Club and a short 5-minute walk to Union Square, the City’s premier shopping destination.This core infill location promises a steady, diverse parking customer base. Additionally, the parcel is zoned for high density residential and commercial uses with an 80’ height limit, providing long-term development potential upside. PLEASE VISIT OUR WEBSITE FOR MORE INFORMATION: https://properties.nmrk.com/50-cosmo-place-san-francisco-50-cosmo-place-sale