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Listed by Austin Ng • KW Executive
$ 2,450,000
Est. payment /mo
Pending
3232 Scott San Francisco, CA 94123
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
MLS Listing ID WS-25032339
Tax Year 2024
Property Sub-Type Mixed Use
Property Description
Wonderful investment opportunity to acquire the fee simple interest in a two-unit mixed-use commercial property in San Francisco, West of Van Ness Submarket. Nestled in the heart of San Francisco's coveted Marina District, 3230-3232 Scott Street presents a rare mixed-use investment opportunity in one of the city's most affluent and high-demand neighborhoods. This two-unit storefront retail and residential property offers a strong tenant base, stable cash flow, and annual rent escalations, making it an attractive addition to any portfolio. o Highly Desirable Location: Situated in the Marina District, one of San Francisco's most vibrant and walkable neighborhoods, known for its high-end retail, waterfront views, and strong residential demand. o Mixed-Use Composition: Two-unit property with ground-floor retail and residential/commercial office space above, catering to both commercial and residential tenants. o Stable Tenancy & Income: Fully leased with annual rental income of $156,600, plus built-in rent escalations. o Favorable Lease Terms: Leases extending into 2028 and 2026, providing long-term income stability. o Investment Potential: With an estimated NOI of $108,279, this asset offers a 4.42% cap rate with strong appreciation potential in a prime retail and residential corridor. o See OM in Supplements for more info
Location
State CA
County San Francisco
Interior
Laundry None
Building
Lot Description Near Public Transit, Rectangular Lot