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2550 Bayshore Blvd San Francisco, CA 94134

2550 Bayshore Blvd , San Francisco, CA, 94134
2550 Bayshore Blvd , San Francisco, CA, 94134
FOR SALE
Property Type:
Street Retail
Amount:
$2,300,000
Last Verified:
Dec 11, 2020

Highlights

  • 11,020 SF lot
  • Unique Potential Development Opportunity in San Francisco
  • Directly across from new plans
  • Soon to be Owner-user opportunity
  • Two tenants leases expiring in 2021

Description

Lease expirations in 2021 provide owner user opportunity.
2550 Bayshore Blvd is a retail auto shop and auto lot, situated on an approximately +/-11,020sf lot in San Francisco, CA. There are currently two tenants with leases expiring in April and June 2021. Bayshore blvd connects directly to Highway 101 North and South with muni bus lines. The property is across from the Caltrain station Bayshore Line. In San Francisco's south area it sits just 6.9 Miles to San Francisco International Airport. This is an ideal investment for a potential mixed-use development opportunity in a value ad neighborhood.

* Buyer must cooperate with Seller's 1031 Exchange.

The property is located in the Visitacion Valley district of San Francisco, CA. Bayshore Boulevard connects directly to Highway 101 north and south. Visitacion Valley has restaurants, coffee shops, and parks. The neighborhood has an urban suburban mix feel. Easy access to Muni bus lines and across from the Caltrain Bayshore stop. 1.1 Miles to Cow Palace Arena and Event Center, 1.7 Miles to John Mclaren Park, 6.9 Miles to San Francisco International Airport, and just 5.8 Miles to Downtown San Francisco.


NC-3 Districts are intended in most cases to offer a wide variety of comparison and specialty goods and services to a population greater than the immediate neighborhood, additionally providing convenience goods and services to the surrounding neighborhoods. NC-3 Districts are linear districts located along heavily trafficked thoroughfares which also serve as major transit routes. NC-3 Districts include some of the longest linear commercial streets in the City, some of which have continuous retail development for many blocks. Large-scale lots and buildings and wide streets distinguish the districts from smaller-scaled commercial streets, although the districts may include small as well as moderately scaled lots. Buildings typically range in height from two to four stories with occasional taller
structures. NC-3 building standards permit moderately large commercial uses and buildings. Rear yards are protected at residential levels.

A diversified commercial environment is encouraged for the NC-3 District, and a wide variety of uses are permitted with special emphasis on neighborhood-serving businesses. Eating and drinking, entertainment, financial service and certain auto uses generally are permitted with certain limitations at the first and second stories. Other retail businesses, personal services and offices are permitted at all stories of new buildings. Limited storage and administrative service activities are permitted with some restrictions. Housing development in new buildings is encouraged above the second story. Existing residential units are protected by limitations on demolitions and upper-story conversions. Accessory Dwelling Units are permitted within the District pursuant to subsection 207(c)(4) of this Code.


Year Built: 1955
Building Size: 2534sq ft
Lot Size: 0.25 acres

Map of 2550 Bayshore Blvd , San Francisco, CA, 94134

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.