New Star Market and Apartments

$1,895,000

1302-1310 Minna Street San Francisco, CA 94103

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About this listing

The Inner Mission is one of the city’s busiest neighborhoods, alive with a diverse mix of residents, lifestyles and cultures. Valencia Street on the western border of the neighborhood is one of the city’s most well-known streets.
Real Estate in Inner Mission is just as diverse as its residents, the housing varies between a mix of Victorian-style single-family homes and flats, newer condominiums, and trendy live-work lofts, with low-rise condominium developments..

This corner property consist of four 4 room 1 bath apartments, which can easily be rented as 2 bedroom apartments, and a ground floor retail grocery store. There is currently one unit vacant with possibly unit 1304 being delivered vacant at close of escrow. The New Star Market ibusiness s incuded in the sale. The business includes a 21 - Off-Sale General liquor license and deli. The business occupies an additional 1 bedroom apartment which is used as storage for the business.
The property offers a buyer the opportunity to bring the 1 bedroom unit back online and repurpose the market to continue to serve the neighborhood.

  • Cap Rate

    4.25%

  • NOI

    $80,520.71

  • Building Size

    6,188 sqft

  • Lot Area

    2,099 sqft

  • Units

    5

  • Year Built

    1907

  • Zoning

    RTO

  • MLS ID

    423919238

DESCRIPTION

  • • Average Occupancy Rate: 80.0
  • • Gross Income: $ 126857.88
  • • Age: Over 50 Years Old
  • • Basement: None
  • • Lot Size: Under 1/2 Acre
  • • Fireplace Count: 4+ Fireplaces
  • • Sewer: City
  • • Water: City Water

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