Combined price of $6,975,000. 2256 Market Street (9 units) and 2260 Market Street (7 units) are two mixed-use buildings offered as a single investment property in the heart of San Francisco's Upper Market/Castro neighborhoods. The two retail spaces are fully leased to stable tenants--Walgreens Pharmacy, through at least 2035, and StretchLab, a popular fitness studio, through 2035. The residential component consists of 14 apartments/flats. Both buildings are separately metered for electricity, while one is master-metered for gas. With a stabilized mix of commercial and residential tenants, strong income, and low operating expenses, this rare investment opportunity offers a projected 6.94% rate of return and a 8.92 GRM. Soft story retrofit required for 2260 Market St; retrofit work being completed for 2256 Market. [Offered as a single investment; please also see 2256 Market Street; MLS listing 425037046.]
For sale
Price cut: $554K (6/12)
$2,500,000
2256 Market St, San Francisco, CA 94114
3beds
0baths
6,167sqft
Est.:
Mixed Use
Built in 1904
-- sqft lot
$-- Zestimate®
$405/sqft
$-- HOA
What's special
- 98 days
- on Zillow |
- 260 |
- 6 |
Likely to sell faster than
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