Active
1040 Columbus Avenue
San Francisco CA, 94133
$6,500,000
$614.83 per sqft
Active
10,572 sqft
Commercial
Built in 1950
1040 Columbus Avenue is a large retail property and parking lot in the North Beach neighborhood. The property is an opportunity for an investor to receive a Proforma CAP 4.95% return while preparing for future development. The structure 10,572 SF is located on an 11,918 SF corner lot with frontage on Columbus and Taylor. The property has a spacious kitchen, large bar, dining rooms, outdoor patio, and a mezzanine office. The kitchen is equipped with 30'+ hood and prep area. There is an 11-car parking lot and pole signage. The property is in the path of development and a candidate for high density redevelopment. Zoning permits up to 29 dwelling units or 85 group housing units. Development continues to progress nearby with a neighboring parcel already approved for 56 units. Columbus Avenue is a major retail thoroughfare bookended by Fisherman's Wharf and the Financial District. A mix of tourists, residents, and professionals walk this corridor on their way to its many cafes and restaurants. The area's well-known destinations include Washington Square, City Lights Bookstore, and St. Peter and Paul Church. The property's investment appeal is its location, dense population of residents, and outstanding upside potential through tenant repositioning and development.
422710168
MLSⓇ ID
November 14, 2022
Listed
August 30, 2024
Updated
Map
1040 Columbus Avenue
San Francisco CA, 94133
Interior Features
Total Stories
0
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.27 Acres
Lot Features
Corner Lot, City Lot
Other Property Details
Area Name
SF District 8
Days on Market
606
Garage
No
Parking
Uncovered
Parking Total
11
View
No
County
San Francisco
Pool
No
Listed by Brian Leung with Compass Commercial
Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS, but is not warranted. Data last updated on 8/30/2024.
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Brad Coy Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 4:28 PM UTC, 8/30/2024