Property Description
Listing #4997
Asking Price: $499,000 (Reduced from $750,000 – Make an Offer!)
**READY FOR BUILD-OUT** This location was chosen based on its strong demographics and visibility. Sitting on the border between the Excelsior and Cayuga Terrace neighborhoods, this +/- 3,500 SF property is surrounded by high average household incomes, large public parks (Balboa Park, McClaren Park, and San Bruno Mountain), and a large population. Being in the southern, central part of San Francisco, this dispensary won’t suffer from undue concentration issues – there are only 3 operational dispensaries near the location, with the nearest being over 2,500 feet away. Real estate leased or purchased separately (see pg 2).
Retail Storefront Highlights:
- Social Equity Permit at 40%
- Easy access to Interstate 280
- 10 min walk to Balboa Park BART Station
- Visibility:
-
- Cars Per Day ≈ 20,000
- Walkscore.com Ratings:
- Walker’s Paradise: 95
- Excellent Transit: 84
- Very Bikeable: 74
- 2 Mile Demographics:
- Pop ≈ 185,000
- Avg Household Income: ≈ $160,000/yr
- Annual Consumer Spending ≈ $2,550,000,000
-
License Acquisition Options:
- Sale: Asking $499k
- Negotiable
- 50% down payment
- Seller Carry 50% for 6 months
- Lease via MSA: $12,000/mo
- Negotiable
- Purchase Option Possible
- Real Estate Cost Separate
Property Information:
Buyer can lease the downstairs, 1,450 SF retail space, or purchase this 3,385 SF, two-story, mixed-use property. The property is located at a lighted intersection and has two existing residential tenants on M2M leases. Great for an owner/user or investor. Strong demographics. Excellent visibility. Strong resale value for future exit.
Property Highlights:
- Sale: Asking $1,500,000 ($436/SF)
- Lease: $7.00/SF NNN | $10,150/mo NNN
- 3,385 SF Two-Story Mixed-Use Property
- 2 Residential Units Leased M2M
- $2,200/mo combined rental rate
Jason Piazza – License# 01405965 – WeCann
