Property Listing No Longer Available for Sale

938-942 Market Street, San Francisco, CA

Retail for Sale - $4,300,000 - 3,310 Sq. Ft.


Property Info

CIMLS#895307
Location
  938-942 Market Street
  San Francisco CA 94103
UpdatedMay 10th, 2016
TypeRetail
Price$4,300,000
Building3,310 Sq. Ft.

Property Description

It benefits from its proximity to the Powell Street cable car turnaround, the soon to come 250,000 SF Market Street Place, Westfield Center and Bloomingdale' s, Union Square, multiple hotels, Moscone Convention Center and the newly located high tech companies in the area.

Location Description:

PRIME RETAIL CORRIDOR. WALKING DISTANCE TO WESTFIELD, UNION SQUARE, MARKET ST RETAIL SHOPS, CAFES & HOTELS.

Highlights:

>> Property fully remodeled and converted into condominiums in 2007

>> 32% potential upside in rents by 2019 and over 40% by 2023

>> Rent adjusts to FMV for Subway in 2018

>> Very low retail vacancy rates in the area allowing for rental upside with very little downtime.

>> Changing face of Mid-Market with retail, residential and hotel projects underway or being entitled.

>> Prime real estate in one of the fastest growing cities in the country


Financials