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DRE #444020

  

Sacramento Street: Mixed Use Commercial

3324-32 Sacramento Street
(between Presidio & Walnut)

3324-32 Sacramento Street       

Summary

Four unit mixed-use 2-story Victorian. Hardware store with 3 flats above. Wide south frontage, large windows. Size: 5650 sf (tax records). Lot size: 50 x 87.5 Zoning: Sacramento St NCD.

Price: $2,950,000

Description

This handsome 2-story late Victorian building (ca 1900) contains four units: 3 flats above a large storefront housing a major hardware store. The south facing facade is quite intact, with its three distinctive slant front bays below a bold cornice. The original glass lights above the storefront are painted but still in place, and could easily be restored. The commercial space itself is very bright and open, with large south facing windows and 14 ft ceilings. Originally two separate commercial spaces, later joined, but could easily revert to two separate businesses as each has a toilet. The store lease ($6900/month) expires in March, 2009, with no option for renewal. The building itself has been owned by the same families for over 40 years.

  • #3324: $2,000/month Two-bedroom flat
  • #3326: $6,900/month Hardware store
  • #3330: $1,400/month One-bedroom flat
  • #3332: $2,000/month Two-bedroom flat
  • Total: $12,300/month

This property is located within the Sacramento Street NCD area, which contains use restrictions to preserve neighborhood character and encourage retail use. Restaurant and medical uses are prohibited. Other uses such as professional offices may be permitted subject to obtaining a Conditional Use.

Neighborhood

The Sacramento Street shopping area in Presidio Heights is well known for its many upper end retail shops and restaurants. It is adjacent to an expensive, highly desirable residential area containing large homes, and one block from the Laurel Shopping Center on California Street. The synergy of these two shopping areas has made this a destination shopping area with high rents. The new Jewish Community Center, also one block from this property, has contributed greatly to the foot traffic on the street.

Photo

Mixed Use Commercial Space

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