Property Type:5 Or More Units
On Site:450 Days
Lot Size:4,720 Sq. Ft.
1538-1544 Polk Street is a mixed-use (hotel + retail) property in the Nob Hill/Polk Gulch neighborhood of San Francisco. The three-story property features three (3) retail units on the ground floor and a 40-unit SRO/hotel above that is master leased to an operator, Shirley Hotels''. Of the 40 rooms, 21 are SRO units, 7 are SRO with partial baths, 9 are tourist/transient and 3 are for manager use. The SRO units without bathrooms share 3 common area bathrooms. Two of three retail units are occupied by a tuxedo retailer and a foot massage service. The 40 room hotel is currently month-month. A savvy investor may renegotiate the lease or operate the hotel to significantly increase cash flow. The property is in a central location of the Polk Street commercial corridor in Nob Hill. The street is famous for its historic architecture, Michelin-rated cuisine, and abundant retail amenities. It is an exceptional location for this type of property due to its walkability and easy access to public transit. The investment appeal of this property is its location in San Francisco's most desirable neighborhood and its significant upside potential. Proforma CAP 5% based on vacant units rented at market rents.
$000 Monthly Payment
Loan and interest only.
Address:1544 Polk Street, San Francisco, CA 94109
District:SF District 8
Subtype Description: Mixed Use
Features / Amenities
Lot Size: 0.11 Acres / 4,720 Sq. Ft.
Lot Features: Shape Regular
Tax and Financial Info
Buyer Agency Compensation: 2.5%
WALKING AND TRANSPORTATION
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Listing Information Last Updated 2/22/2024
Listing provided courtesy of Compass Commercial.
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