131 Franklin St

San Francisco, CA, 94102, United States

Property ID: #239886 // COMMERCIAL
9,850 ft²
0.06 acres
- beds
- baths
  • Address
    131 Franklin St
  • City
    San Francisco
  • State
    CA
  • Zip
    94102
  • Country
    United States
  • County
    San Francisco
  • Property Type
    Commercial
  • Additional Types
    Business, Commercial, Office, Retail
  • Parcel Number
    0833-002
  • Year Built
    1909
  • Lot Size
    0.06 Acres
  • Square Feet
    9,850
PROPERTY INFORMATION

HISTORIC DOWNTOWN RETAIL PROPERTY WITH RESIDENTIAL DEVELOPMENT OPPORTUNITY.

Rare San Francisco gem with vertical development opportunity! Desirable location on hard corner just steps from SOMA District and “the HUB.”

There is international appeal for this historic building (Purchase of this property could qualify foreign executives for a U.S. green card in less than a year (including China), and new owners have the opportunity to develop additional multifamily on top of 75% of the existing retail/office space. Preliminary planning with San Francisco city officials have indicated it would encourage the addition of residential units. Many upgrades contribute to the building’s current modern take – preserved brick walls and 16-foot ceilings on the third floor create a loft space perfect for corporate meetings or small venue for entertaining and get-togethers. The seller has been an excellent steward to this property.

HVAC upgrades were made to service each floor individually and there is a brand new sophisticated programmable security system with electronic locking and 1,200 lb locks. The system has motion, sound and camera detectors. The hardwood sub-floor on all 3 floors is original 1909 construction, with 4 inch thick mahogany, refinished in 2009. In addition to additional structural support, the building’s basement has been upgraded with a new server room, file room and vault.

The property also offers an opportunity for high profile signage. 131 Franklin keeps good company: The immediate area contains tech firms such as Twitter, Zendesk, Dolby, One Kings Lane, Uber and WeWork. The property is well supported by MUNI and B.A.R.T with direct access to all parts of San Francisco, Oakland, Silicon Valley, the East Bay and all the airports in the area. . . Also within walking distance is the newly constructed SF Jazz Center, the world famous Davies Symphony Hall, SF Ballet, the War Memorial Opera House, Bill Graham Civic Auditorium and the Orpheum Theater. Across the street is the exclusive French American and Chinese American School and the San Francisco Conservatory of music.

It’s a rare opportunity that a well situated commercial building with tremendous upside potential comes to market in San Francisco.

DISCLAIMERS & AGENCY DISCLOSURE
  • Buyer's Fee: 0%
  • Earnest Money: 5% of the negotiated purchase price/successful high bid or $500, whichever is greater.
  • Brokers and Agents are fully protected and encouraged to participate.
  • RealtyHive & Micoley.com, LLC are licensed auction firms performing auction and auction marketing services as part of this transaction.

Read More...

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Online Only Event/Auction:
October 23rd 10:00am - 4:00pm CDT
List Price:
$10,750,000.00
Sugg. Opening Bid:
$9,750,000.00
Enter $9,750,000.00 or more

What is a Pre-Auction Offer? This property can be purchased prior to the auction's start date. If accepted, this property will be removed from the upcoming auction. Benefits to purchasing prior to auction.

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Agent Contact & Showing Info
  • Cheryl A. Lane
  • License # 01476079
Financing

Please contact your local lender