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Listed by Louis Cornejo Urban Group Real Estate
$ 2,300,000
Est. payment /mo
Active Under Contract
2701 Lombard ST San Francisco, CA 94123
2,668 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,668 sqft
Price per Sqft $862
MLS Listing ID 425085774
HOA Y/N No
Year Built 1906
Lot Size 2,668 Sqft
Acres 0.0612
Property Sub-Type Retail
Property Description
Fully leased corner retail property in the heart of San Francisco's Marina District. Built in 1906 and totaling approx. 2,668 sq. ft., 2701 Lombard Street / 2953-2955 Baker Street offers excellent visibility steps from the Presidio and Marina Green. Two long-term tenants provide stable income: Cte Ouest Bistro (lease through Nov. 2030, two 5-year options, CPI increases capped at 3.5%) and Phil's Electric (lease through Nov. 2028, 3.5% annual increases). Both leases are gross, with tenants responsible for utilities, repairs, and maintenance. Ideal opportunity for local investors seeking a turnkey, income-producing asset in a prime Marina District location.
Location
State CA
County San Francisco
Area Sf District 7
Zoning N-2
Interior
Fireplace No
Exterior
Utilities Available Separate Gas Meter
Roof Type Flat
Building
Lot Description Freeway Nearby, Neighborhood, Near Public Transit, Shopping Nearby
Foundation Concrete
Level or Stories Basement, Mezzanine
New Construction No
Others
Tax ID 0940001
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