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2525-2533 Ocean Ave 12,194 SF 100% Leased Retail Building San Francisco, CA 94132 $3,419,600 CAD ($280.43 CAD/SF)
Executive Summary
This mixed-use retail and office building offers a value-add opportunity in San Francisco's Lakeside Village neighborhood. The 12,200 gross square foot property features 7,000 rentable square feet configured as three commercial suites: a restaurant space (renovated in 2021), an occupied dental office, and a vacant office suite. Listed at $2,500,000, the 1946-built property is in excellent condition and provides flexibility to either negotiate a dental tenant leaseback or take delivery fully vacant.
The property projects total annual base rent income of $270,000 based on market rents for restaurant and office space, generating an 8.15% cap rate. The current vacancy allows immediate leasing opportunities while benefiting from recent restaurant improvements that reduce capital requirements.
The property combines location stability with repositioning upside in a supply-constrained market. The flexible suite configuration accommodates restaurant operators, medical professionals, and office users. With 2021 restaurant renovations completed and Ocean Avenue's established commercial presence in Lakeside Village, this acquisition provides income generation potential through active leasing at an attractive price point for the San Francisco market.
The property projects total annual base rent income of $270,000 based on market rents for restaurant and office space, generating an 8.15% cap rate. The current vacancy allows immediate leasing opportunities while benefiting from recent restaurant improvements that reduce capital requirements.
The property combines location stability with repositioning upside in a supply-constrained market. The flexible suite configuration accommodates restaurant operators, medical professionals, and office users. With 2021 restaurant renovations completed and Ocean Avenue's established commercial presence in Lakeside Village, this acquisition provides income generation potential through active leasing at an attractive price point for the San Francisco market.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
12,194 SF
Building Class
C
Year Built
1940
Price
$3,419,600 CAD
Price Per SF
$280.43 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
12’
Building FAR
2.00
Lot Size
0.14 AC
Zoning
NC1
Parking
7 Spaces (0.58 Spaces per 1,000 SF Leased)
Frontage
57’ on Ocean Ave
Moderately walkable
70/100
Very drivable
80/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 7226-021 | Improvements Assessment | $522,577 CAD |
| Land Assessment | $315,777 CAD | Total Assessment | $838,354 CAD |
Property Taxes
Parcel Number
7226-021
Land Assessment
$315,777 CAD
Improvements Assessment
$522,577 CAD
Total Assessment
$838,354 CAD
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2525-2533 Ocean Ave
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