For Sale

Listed by Nicholas Bonn

Source: San Francisco Association of REALTORS #423759865

570 Ofarrell Street, San Francisco, CA, 94102

$4,950,000

11985 sq. ft.
4673.99 sq. ft.

Other

30+ days on the market

What's around 570 Ofarrell Street

About this property

The Sweden House Hotel is an exceptional mixed-use property, comprising 39 units in total. It features 38 single room occupancy (SRO) units alongside a single retail commercial unit. Consisting of 11,985 square feet of structure size, per tax records, 570 O'Farrell Street will be delivered 30% occupied with 27 of the residential units delivered vacant. There are 5 tourist licenses that allow for unrestricted short term / nightly rentals. The commercial unit is leased to Cantoo, a Latin Asian Rotisserie, on a 5 year lease with one year option to renew. The property is located in the Tenderloin District of San Francisco nearby the teeming commercial hub of Union Square. Many major hotels and department stores are packed into the area, as well as restaurant, nightspots and galleries. This is a fantastic opportunity for an investor to acquire a value-add investment property in the heart of San Francisco.

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