Listed for $499,000
Find out the Zillow Zestimate of this property.

3121 Geary Blvd, San Francisco, CA 94118

Lone Mountain Commercial For Sale

Walk Score™: 95

Home Tour

Great investment opportunity at 4.8% cap rate. Ground floor, newly renovated space. Leased to Thai Spa paying $2,000/month. 1 of 2 retail spaces in 10 unit elevator building. This unit has individual HVAC, ADA restroom, 40 gallon hot water heater & separate gas, electric & water meters. Very flexible layout could be used for many other ventures, high ceiling for take-out restaurant/cafe or other entrepreneurial pursuits. Owner user may qualify for 10% down SBA loan. HOA approx. $230/month includes insurance, reserves & maintenance. Sold units to tax preparer, physician, endodontist and oral surgeon.
Listed by: Kevin Wong, Golden Coast Properties

  • Status: Active
  • MLS#: 381075
  • Cross Street: Spruce
  • Approximate Sq. Ft.: 698 (Per Appraiser)
  • Zoning: Nc-3
  • Year Built: 1972
  • Building Name: Geary Commerical Building
  • Net Rentable Sq. Ft.: 698
  • Percent Office: 100.00
  • Vacancy Factor: 0.00
  • # Floors: 0
  • # Tenants: 0
  • # Elevators: 1
  • # Truck Doors: 0
  • Lease Type: Net
  • Estimated Gross Annual Income: 24000
  • CAP Rate: 0.0480962

Additional Details - View Details

  • Structure: Office Building
  • Stories: 3
  • Lot Description: Mid Block
  • Parking/Garage: Metered
  • Ceilings: 12'-18'
  • Floors: Concrete Slab
  • Miscellaneous: Smoke Detector, Fire Sprinker(s), Restroom(s)-Private, Blueprints Available
  • Utilities: 3 Phase, 400 Amps or More, Separate Water Meter, Separate Gas Meters, Separate Elec Meter
  • Heating/Cooling: Indiv Thermostats, Individual Air
  • Type of Lease: Net
  • Structure
  • Stories
  • Lot Description
  • Parking/Garage
  • Ceilings
  • Floors
  • Miscellaneous
  • Utilities
  • Heating/Cooling
  • Type of Lease

Neighborhood Detail

Overview

Lone Mountain is a neighborhood that encircles the University of San Francisco campus. The academic atmosphere is exhibited in some of the cultural offerings in the area such as Presentation Theater and The Bank Club. The famous Lone Mountain steps on the campus are said to provide an excellent cardio workout and an awesomely inspiring view. The University has an outstanding fitness center, The Koret Center, that is open to the public. Amenities include swimming, racquetball, batting cages to name but a few.
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Population Description

  • Population: 38,939
  • 46.80% male / 53.20% female
  • Average person is 36.70 years old
  • 56.90% college graduates
  • $61,609 average household income

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Market Trends

How's the market? Many of our competitors' websites answer this question with market statistics for the zip code you live in, confusing market areas with postal delivery. Others use arbitrary market boundaries defined by third parties not in-the-know. You may live in 94107, but in which community? Central Waterfront? Mission Bay? Potrero Hill? South of Market? South Beach? Each unique corner of San Francisco is different, even the ones that share a zip code.

The San Francisco real estate market is nuanced, and we believe your market data should be as well. We use relevant MLS areas designed and used by the San Francisco REALTOR community to generate our reports, not zip codes. We take you inside the real numbers to give you the insight you need to make informed decisions.

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