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 square feet. It features wraparound frontage along Mission Street, Persia Avenue, and Ruth Street, enabling highly visible signage opportunities. The ground floor is a retail space of +/-3,550 square feet, characterized by high ceilings, abundant natural light, an open retail area, and storage rooms. This space is currently leased to a beauty shop with a lease term ending in 2028. The +/-3,560 square foot second floor is ideal for an office, retail, or professional services owner-user who can occupy it while collecting rent from the ground floor tenant.
Mission Terrace boasts excellent transportation connectivity; MUNI bus/light rail, BART, and Highway 280 are all within moments of the property. Key thoroughfares like Ocean Avenue, Alemany Boulevard, and Mission Street provide a constant source of traffic. It’s also a hub for restaurants and retailers, and is near the City College of San Francisco.
The investment appeal of the property is its prominent corner location, owner-user potential, and flexible allowable uses.