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Investment Highlights

  • Architecturally distinctive mixed-use corner property located in San Francisco’s Union Square and Financial District
  • Two-level retail space at 363 Grant Avenue spans more than 7,000 square feet, previously home to luxury and high-profile tenants
  • Building has undergone seismic retrofitting, ensuring enhanced structural integrity and compliance
  • Surrounded by luxury retail, cultural landmarks, and major business corridors in an A+ urban setting

Executive Summary

507 Bush/347-359-363 Grant Ave is an architecturally attractive mixed1-use trophy corner building located in the heart of San Francisco’s Union Square/Financial District. It houses The Urban Hotel, a three-story property with 54 rooms. The Urban Hotel is licensed for 40 residential rooms and 18 tourist rooms, currently there are only 14 tourist rooms in service for a total of 54 rooms. Four of the rooms have been temporarily decommissioned for use as storage, hotel office and lobby/communal space. The Urban Hotel is in excellent condition and very well operated by Engage Hospitality, LLC, a talented and experienced operator. They have been managing 100% of the daily residential operations since 2017. The building includes over 8,100 square feet of prime retail space along Grant Avenue, making it ideal for retail businesses seeking high visibility in a superb A+ location. The vacant corner space at 359 Grant Avenue is just over 1,100 square feet with excellent signage. There is a beautiful two level retail space located at 363 Grant Avenue (over 7,000 square feet), ideal for luxury retail shops, which was most recently occupied by Serge Sorokko Gallery and previously by American Apparel and West Coast Leather. This space is currently vacant. The retail spaces benefit from high tourist foot traffic filtering through the famous Dragon Gate directly across the street. The building is flexible and well suited for a variety of buyers, such as legacy investors, exchangers, syndicators, developers, hotel operators, and retail owner/users. The building has been seismically retrofitted.

Financial Summary (Pro Forma - 2025) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro Forma - 2025) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (CAD)
Annual $99,999
Annual Per SF $9.99
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts Under Contract

Price $11,596,040 CAD
Price Per Unit $214,741 CAD
Sale Type Investment
No. Units 54
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Mid-Rise
Building Class C
Lot Size 0.10 AC
Building Size 20,845 SF
No. Stories 4
Year Built 1907
Zoning C-3-R, San Francisco - Downtown Retail

Amenities

Site Amenities

  • Controlled Access
  • Smoke Free
  • Public Transportation

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 54 - -
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
0286-001
Land Assessment
$7,118,520 CAD
Improvements Assessment
$4,745,664 CAD
Total Assessment
$11,864,183 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
  • Listing ID: 33704373

  • Date on Market: 2024-10-31

  • Last Updated:

  • Address: 347-363 Grant Ave, San Francisco, CA 94108

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