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Listed by Adam D Filly Compass Commercial
$ 3,500,000
Est. payment | /mo
1 Bed
7,975 SqFt
$ 3,500,000
Est. payment | /mo
1 Bed
7,975 SqFt
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 7,975 sqft
Price per Sqft $438
MLS Listing ID 426151936
Bedrooms 1
HOA Y/N No
Year Built 1907
Lot Size 1,738 Sqft
Acres 0.0399
Property Sub-Type Mixed Use
New Construction No
Property Description
106 Albion is a mixed-use residential hotel property in the heart of the Mission District. The property consists of 20 SRO units, a commercial space occupied by a wine bar, and an additional one bedroom/one bath unit. Eighteen of the SRO units are master leased to a nonprofit organization, providing a stable income stream. Either party may terminate the agreement with 60 days notice, offering flexibility for a new owner. The commercial space, occupied by The Big Finish wine bar, is leased through 2034. The space has been recently renovated and has a strong history of successful tenants. In addition to the ground floor, it includes a full basement that is used for cold storage, operations, and office space. Located at the corner of 16th and Albion Streets, the property offers one of the Mission District's best locations, with easy access to the neighborhood's restaurants, shopping, and public transportation. This is an excellent opportunity to acquire a fully occupied mixed-use asset that offers stable current income, while also providing the flexibility for a future owner to operate the residential hotel and realize significant upside potential.
Location
State CA
County San Francisco
Area Sf District 5
Interior
Fireplace No
Building
Lot Description Corner Lot
New Construction No
Others
Tax ID 3568064
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