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Listed by Dominic Morbidelli Maven Commercial, Inc.
$7,500,000
Est. payment /mo
11,122 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 11,122 sqft
Price per Sqft $674
MLS Listing ID 426166813
HOA Y/N No
Year Built 1900
Lot Size 8,400 Sqft
Acres 0.1928
Property Sub-Type Retail
Property Description
Available for the first time in over 45 years, 3100 Fillmore Street is a rare, stabilized retail investment on a prominent Main & Main corner on the sunny side of Fillmore in the heart of Cow Hollow/Marina. The offering includes two contiguous parcels spanning nearly a full block, with approximately 11,122 SF of buildings on 8,400 SF of land, plus on-site parking. The property is leased to a strong mix of tenants, including Rapha, Lilikoi, Angela's Ice Cream, Engineering 350, Kerner Chiropractic and Commonspace SF, plus a residential unit at 195 Pixley. Priced at $7,500,000 ($674/SF) with a 6.15% cap rate, it offers in-place income with upside as leases roll. Surrounded by Balboa Cafe, PlumpJack, Mixt, Crenn and Fredericksen's Hardware, the site also offers long-term redevelopment potential of approximately 50,400 SF (50+ units) with the State Density Bonus, subject to approvals. I didn't call it 100% leased. The OM's rent roll shows 195 Pixley as Vacant but still counts $5,000/month for it, so check its status before adding that.
Location
State CA
County San Francisco
Area Sf District 7
Interior
Fireplace No
Building
Level or Stories See Remarks
New Construction No
Others
Tax ID 0516019
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Eric & Janelle Boyenga
Realtors DRE01254724 / 01254725
Realtors DRE01254724 / 01254725