SELLER CHOSEN AUCTION
HISTORIC DOWNTOWN RETAIL PROPERTY WITH RESIDENTIAL DEVELOPMENT OPPORTUNITY.
Built in 1909 this building provides a prime location for retail and would make a great place to live.
This is a unique opportunity to acquire 3 story, plus full basement retail/office building with residential zoning on upper floor and potential multifamily development on approximately 75% of the site. Preliminary discussions with the city of San Francisco indicated that city planning department would encourage the addition of residential units.
Across the street from the exclusive French American and Chinese American School and the San Francisco Conservatory of Music.
Steps away from SF Jazz, the San Francisco Opera, the San Francisco Symphony and Ballet and Norse Theatre and concert hall, Bill Graham Civic Auditorium and the Orpheum Theater.
A few blocks walk to San Francisco City Hall and Superior Court as well as the California and U.S. administration buildings.
Less than 2 blocks from the HUB, envisioned by the city to be a vibrant mixed use neighborhood which has attracted many high tech company headquarters such as UBER, TWITTER, ZENDESK, DOLBY, WEWORK and many more.
The property is surrounded by many high-rise multifamily projects recently completed and several more high-rise projects that have been entitled. And the city of San Francisco will encourage adding residential units above the current structure.
The property is very well supported by MUNI and BART with direct access to all parts of San Francisco, Oakland, Silicon Valley, the East Bay and all airports in the Bay area. the area benefit from the major infrastructure improvements such as the scheduled $125 million Van Ness Bus Rapid Transit, 1 block away.
INSTRUCTIONS FOR BIDDING
For inquiries, pre-auction offers or to register as a buyer or buyer representative please visit Williams and Williams property website, www.williamsauction.com/franklin or call 800-801-8003. Buyers must be registered at least 24 hours prior to auction.
Available for viewing March 1 & 15 from 11am-2pm.
Auction ends at 03/29/2019 at noon Pacific time.
Nominal Opening Bid $6M
Undisclosed Seller's Reserve.
Broker Co-operation = 2%
Buyers must be registered 24 hours prior to auction