5030 3RD STREET F O R S A L E

Transcription

1 5030 3RD STREET SA N F RA N C I S CO, CA L I F O R N I A FOR SALE

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3 5030 3RD STREET SAN FRANCISCO, CALIFORNIA o f f r i n g m m o r a n d u m Tabl of Contnts 1 Pricing and Proprty Dscription 2 Location 3 Th Building 4 San Francisco Markt Ovrviw 5 Zoning Information Kvin Dlhanty Snior Managing Dirctor kdlhanty@nwmarkccary.com CA Licns #

4 Mission 3RD STREET Strt Proprty Information Pric: $3,500,000 Assssor s Parcl Numbr Building Siz Existing Us Lot Siz Lot Dimnsions Zoning Hight Limit Submarkt ±11,000 squar ft, thr-story plus lowr lvl Rsidntial / Apartmnts Rtail at ground and lowr lvls. ±7,200 squar ft,.17 acrs Irrgular L shapd lot 53 x 112 x 25 x 100 NC3 Modrat Scal Nighborhood Commrcial Rtail, Offic, Rsidntial 40 ft Bayviw District Proprty Dscription Building Dscription rd Strt or 5030 is comprisd of an approximatly 11,000 squar foot concrt building with brick facad on four lvls, with on lvl blow grad, consisting of fiv (5) apartmnt units as wll as a 3,800 squar foot ground floor rtail spac with full 3800 squar foot basmnt blow. Th building was originally constructd in 1923 and is locatd just off th cornr of 3rd and Rvr, in an ara commonly rfrrd to as th Bayviw District of San Francisco. Th main ntranc to th rtail spac is on 3rd Strt, but th spac on th ground and basmnt lvls can also b accssd from th rar of th building, via th drivway off Rvr. 4

5 san francisco, cali fornia Building Dscription (cont.) Thr is a sparat ntranc on 3rd Strt for th apartmnts locatd on th 2nd and 3rd floor. Th two garag spacs as wll as th drivway to th rar of th ground floor of th building, can b accssd from Rvr Strt. From th drivway, thr is accss to th on (1) ground floor apartmnt unit, as wll as to th ground floor rtail and th full basmnt, and th fir stairs to th uppr lvl apartmnts. Thr is also a dck on a portion of th 2nd floor of th building which is for th apartmnt tnants shard us. Orintation and Light Pricing and Proprty Dscription Th building sits on th northwst portion of th block, and has xcllnt xtrior windowlin. Thr is vry good natural light from all dirctions. Th ground floor rtail is a highciling spac with 50 ft of window-lin xposur on 3rd Strt and windows in th rar, northrn sid. Th ground and basmnt lvls ar dsignd to b lasd togthr as a 7600 squar foot unit, or sparatly with som minor modifications. Thr is xcllnt light and nic viws from th apartmnts and abundant light to th ground floor apartmnt unit in th rar of th building. Dscription of Surrounding Ara/Architctur Th building is locatd dirctly across th strt from th bautiful nw Bayviw Linda Brooks-Burton Public Library, built in Immdiatly to th north of th proprty is th Bayviw branch of th Bank of Amrica. Th architctur in this ara is an clctic collction of various styls, shaps, and sizs, but th prdominant styl is a brick façad, with rtail at th ground lvl, and rsidntial spac abov. Th building is locatd in Th Bayviw, an ara which has, ovr th last 10 yars gon through a trmndous amount of chang for th bttr. As San Francisco has continud to xprinc high dmand for all typs of commrcial and rsidntial spac throughout th City, particularly to th south, aras lik th Bayviw hav bnfitd trmndously. 5

6 5030 3RD STREET Dscription of Surrounding Ara/Architctur (cont.) Nw dvlopmnts and full-scal nighborhoods hav poppd up vrywhr from th China Basin / AT&T ballpark ara, to Mission Bay with its larg UCSF and biotch componnts, and southward along 3rd to th subjct proprty. Lik much of San Francisco, th Bayviw, spcially along 3rd Strt with its nw light rail, is going through a major transition involving rdvlopmnt, nw dvlopmnt upgrads, and rnovations. Narby proprtis ar primarily on to thr-story structurs with rtail on th ground floor and ithr offic or multi-family abov. Thr ar primarily apartmnts and singl-family homs to th north and south of th proprty, with industrial and warhous buildings to th south towards th Bay. With th high dmand for rsidntial and rtail spac in th Bayviw and San Francisco in gnral, thr ar numrous projcts plannd for th ara, with th massiv rdvlopmnt of th old Candlstick Point, just a coupl of mils to th south of th proprty, to b of th gratst magnitud and ffct. Transportation Transportation by car to north or south on th US 101 or 280 Frways is within a fw minuts. Taking 3rd Strt all th way north into th downtown ara of San Francisco is a good altrnativ and an asy driv, whn th frways ar busist. Public transportation to and from rd is xcllnt with th Muni-Mtro light-rail that conncts all th way to CalTrain, downtown, BART stations, as wll as furthr wst to th Wst Portal, and othr Muni stations. Thr is also th T-Owl Muni bus that conncts to stops throughout th City. Th narst CalTrain stop is at th 22nd Strt Station which is about two mils away and can b asily accssd via Muni. 6

7 san francisco, cali fornia Parking Thr ar two singl stall parking garags on th proprty and parking in th rar of th building in th drivway for loading and unloading. Mtrd strt parking is abundant and usually availabl in front of th building or narby.. Highst and Bst Us Th highst and bst us of th proprty will b ralizd by th lasing of th ground and basmnt lvl to a good crdit rtail tnant, and rnovation and rpair of th building in gnral, including th garag spacs. Rtail rnts in th ara for clan, shll condition spac Pricing and Proprty Dscription ar in th $20 to $30 NNN rang. Apartmnt rnts ar in th $2,000/mo. to $4,000/mo. rang, dpnding upon th quality and siz of th building and units. Th currnt apartmnt rnts ar blow markt. Bayviw Nighborhood Viw looking towards Qusada Av 7

8 5030 3RD STREET Plot Map 3RD QUESADA AVE REVERE AVE 8

9 san francisco, cali fornia Bayviw Amnitis List Location Local Amnitis Walgrns, rd St USPS, 2111 Lan St Bayviw/Linda-Brooks-Burton Library, rd St Big Sav Markt, rd St Bank of Amrica Financial Cntr, rd St US Bank, rd St Wstrn Union, rd St MtroPCS, rd St Ebony Bauty Supply, rd St Dcorativ Plant Srvics Inc, 1150 Phlps St Sunborn Nursry, 1150 Phlps St CIRCOSTA Iron & Mtal Co. Inc, 1801 Evans Av Nw Marbl Co Inc, 1690 Jrrold Av Flora Grubb Gardns, 1634 Jrrold Av Supr Sav Markt, rd St Goodwill, rd St Boost Mobil, rd St Wlls Fargo, rd St B&L Commrcial Sating, 701 Phlps St Pt Camp, 525 Phlps St Shamrock Moving and Storag, rd St Priority Architctural Graphic, 1596 Hudson Av Indpndnt Elctric Supply Inc, 1575 Burk Av Amrican Storag, 600 Amador St Rstaurants / Cafs JJ Fish & Chickn, rd St Wndy s Chscak Bakry, rd St Pking Wok Rstaurant, rd St Radio Africa & Kitchn, rd St Aunti Aprils Soul Food Rstaurant, rd St First Cup Caf, rd St Old Skool Caf, 1429 Mndll St Krispy Krunchy Chickn, rd St Javalncia Caf, rd St Soo Fong Rstaurant, rd St #370 Rcration Bayviw Opra Hous, rd St Qusada Gardns Initiativ, 1747 Qusada Avnu Pir 70, nd St Palou and Phlps Mini Park, Palou Av Education City Collg of San Francisco Southast Cntr, 1800 Oakdal Av 9

10 5030 3RD STREET Bayviw Amnitis Map Financial Nw com Silvr Trrac Oak dal l St. hal Nw Palo s Av ad WENDY S CHEESECAKE BAKERY aa v RD STREET v r Bay Av viw St R v 10 u Av Qu R b Av r Av

11 sa n f r a n c i s co, ca l i f o r n i a SoMa Location District Mission Bay Dogpatch SUPER SAVE MARKET FIRST CUP CAFE EBONY BEAUTY SUPPLY Nwco Oak mb Av dal Palo Av u Av 3R D ST R EE T PEKING WOK RESTAURANT nd M t. S ll Qu BIG SAVE MARKET sa Bayviw da Av 11

12 5030 3RD STREET LTR A C Nw com Silvr Trrac dal l St. Palo Av u Av Qu s ad aa v RD STREET r Av viw St K/ T M Bay NE v LI R b Av Oak hal Nw 3 MINUTE DRIVE 12 INE L AIN UN I Bayviw Transportation Map Financial 3RD STREET/REVERE/SHAFTER 91 / K/T / OWL: MUNI STATION R v r Av

13 sa n f r a n c i s co, ca l i f o r n i a SoMa Location District Mission Bay Dogpatch 22ND ST CALTRAIN STATION Nwco mb Av Oak Av u Av 3R D ST R EE T dal Palo nd M t. S ll Qu sa Bayviw da Av 13

14 5030 3RD STREET Rar Garag Drivway from Rvr Lot Ovrviw (outlind in rd) Qusada Av Qusada Av K/T MUNI LINE 3RD STREET Rvr Av Rvr Av Bayviw St 14

15 san francisco, cali fornia Rar Apt. Th Building Ground Floor 15

16 5030 3RD STREET Th San Francisco Markt San Francisco s ovrall conomy continud to improv in th first half of Th local unmploymnt rat dcrasd as of th nd of May to 2.9%, down from 3.3% a yar ago, which is blow th ovrall rat of 4.7% and 4.5% for California and th U.S., rspctivly. Hom prics hav incrasd approximatly 10% yar ovr yar, and apartmnt rnts hav grown approximatly 4%, whil offic and rtail spac hav also xprincd similar gains. Tchnology tnants continu to driv growth and dmand for ral stat throughout th Bay Ara, spcially in San Francisco. As a rsult, aras such as th Bayviw, which was formrly thought of as a fring markt, ar xprincing an conomic rnwal and rbirth rd Strt is on th main transportation thoroughfar of th Bayviw, right in th middl of th path of San Francisco s growth. Th location is xcllnt and will only gt bttr ovr tim, as th city continus its massiv xpansion along th watrfront, from AT&T Park down to Candlstick Point. 91/ K/T /OWL MUNI Station stop nar-by : Rvr / Shaftr 16

17 san francisco, cali fornia San Francisco Markt Ovrviw BAYVIEW Partial arial viw of San Francsico, California; faturing Bayviw (outlind in rd) 17

18 5030 3RD STREET Zoning FROM THE CITY OF SAN FRANCISCO WEBSITE - PLANNING DEPT. NC-3 ZONING SEC NC-3 MODERATE-SCALE NEIGHBORHOOD COMMERCIAL DISTRICT. NC-3 Districts ar intndd in most cass to offr a wid varity of comparison and spcialty goods and srvics to a population gratr than th immdiat nighborhood, additionally providing convninc goods and srvics to th surrounding nighborhoods. NC-3 Districts ar linar districts locatd along havily traffickd thoroughfars which also srv as major transit routs. NC-3 Districts includ som of th longst linar commrcial strts in th City, som of which hav continuous rtail dvlopmnt for many blocks. Larg-scal lots and buildings and wid strts distinguish th districts from smallr-scald commrcial strts, although th districts may includ small as wll as modratly scald lots. Buildings typically rang in hight from two to four storis with occasional tallr structurs. NC-3 building standards prmit modratly larg commrcial uss and buildings. Rar yards ar protctd at rsidntial lvls. A divrsifid commrcial nvironmnt is ncouragd for th NC-3 District, and a wid varity of uss ar prmittd with spcial mphasis on nighborhood-srving businsss. Eating and drinking, ntrtainmnt, financial srvic and crtain auto uss gnrally ar prmittd with crtain limitations at th first and scond storis. Othr rtail businsss, prsonal srvics and offics ar prmittd at all storis of nw buildings. Limitd storag and administrativ srvic activitis ar prmittd with som rstrictions. 18

19 san francisco, cali fornia Housing dvlopmnt in nw buildings is ncouragd abov th scond story. Existing rsidntial units ar protctd by limitations on dmolitions and uppr-story convrsions. Zoning Information 5030 Third Strt; viw from across th strt 19

20 5030 3RD STREET SA N F RA N C I S CO, CA L I F O R N I A o f f r i n g Kvin Dlhanty Snior Managing Dirctor kdlhanty@nwmarkccary.com CA Licns # m m o r a n d u m