$2,600,000
Est. payment /mo
2 Baths
3,954 SqFt
Active
1726 Polk ST San Francisco, CA 94109
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,954 sqft
Price per Sqft $657
MLS Listing ID 425061644
HOA Y/N No
Year Built 1920
Lot Size 2,247 Sqft
Acres 0.0516
Property Sub-Type Mixed Use
Property Description
*Happy Holidays*! An agent submitted a full price offer but with some seller carry back financing, that did not work as the seller did not want to carry loan. The offers have to be all cash to seller with no seller financing, the buyers' could try to get their own loans from lenders/banks/SBA loan. New Attractive Price! Lucrative Location! The restaurant tenant makes many times over net profit compared to an average restaurant! The restaurant has a lot in its value, may be over a million dollars, but the restaurant is not included in thie sale of this property.This just to make aware of the fortune making aspect of the location to cultivate greens/lots of money. Though, the restaurant is not included in the sale of the building as a business opportunity but as a tenant. The restaurant with the residential unit brings in about $162,000. this year, which goes up each year. A buyer who gets it, gets it by buying the building, makes that rental income with the increase each year for 5 years, then could take over the fortune making, restaurant space after the restaurant tenant's lease gets over, and establish their own restaurant at that, fortune making, space! Two units (Mixed Use). Ground/Street level unit occupied by a restaurant tenant, whose lease expires in about 6 years, Upstairs is a 5 room Residential unit, some rooms occupied by a tenant, who is related to the owner, pays $500.rent, and does not want to move out after the sale of the building. The business Opportunity, Restaurant is not for sale and is not included in this building for sale but as a tenant. The Seller has spent $73,000. for a newer roof, recently. Buyer to verify all info. The square footage is not verified/measured. The seller says for buyers to make reasonable offers to negotiate. There was a full price offer with a seller carry back loan, but the seller did not want to carry a loan, wants all cash offer or the buyer to get their own financing with a a bank/SA loan.
Location
State CA
County San Francisco
Area Sf District 8
Interior
Interior Features Other Walls
Heating Other
Cooling Other
Flooring Other
Fireplace No
Window Features Window Coverings,Display Window(s)
Exterior
Utilities Available Other
Roof Type Other
Handicap Access Other
Building
Lot Description Other, Restaurant Nearby, Shopping Nearby
Foundation Other
Sewer Public Sewer
Water Meter on Site, Water District
Level or Stories Basement, Other
New Construction No
Others
Tax ID 0620017
Acceptable Financing Cash
Listing Terms Cash
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