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Vacant Repositioning Opportunity | Downtown 650 Sacramento St 10,465 SF Vacant Office Building Online Auction Sale San Francisco, CA 94111
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Investment Highlights
- Don’t miss out on the chance to acquire a historic boutique office opportunity ideal for repositioning in San Francisco.
- Many prominent retailers, restaurants, and conveniences are within walking distance, including Walgreens, Hilton San Francisco, Subway, and more.
- Within 5 miles, the area boasts an impressive average household income of $159,029, while total spending soars beyond $10 billion.
- Central location in the San Francisco Financial District and walking distance to Union Square and Nob Hill, ensuring efficient commutes.
- Broad zoning allows for many different avenues moving forward, perfect for savvy investors and developers seeking their next property.
Executive Summary
Sotheby’s International Realty is offering the chance to acquire 650 Sacramento Street, a charming and historic four-story office building located in San Francisco’s Financial District.
Built in 1909, this 10,465-square-foot property features classic architecture and a rich heritage, making it a unique opportunity for investors. Currently, the entire building is vacant, giving buyers flexibility to lease the space to one or more tenants, or to use the property themselves and customize it to their needs. With in-place Chinatown Community Business (CCB) zoning, the opportunities are endless. CCB is a specific, high-density, mixed-use zoning district in San Francisco designed to support the neighborhood's unique character by encouraging a mix of housing, local retail, and small businesses. It allows for residential, commercial, and, in some cases, light industrial uses. 650 Sacramento Street is an excellent candidate for conversion from office to residential use. Its prime location in the heart of the Financial District makes it especially attractive for redevelopment into luxury residential units, taking advantage of the growing demand for high-end housing in this vibrant area.
Situated between Nob Hill and the North Beach, makes it a strong candidate for investment and redevelopment. Known as a leading destination for shopping, dining, and entertainment, the neighborhood offers convenient access to other parts of the city. The property at 650 Sacramento Street is close to both local and national retailers, with places like the Omni San Francisco Hotel, The Hyatt Regency Hotel, The Embarcadeo Center, Starbucks, Leo’s Oyster Bar, and others just a block away. Residents also have easy access to green spaces such as Portsmouth Square Park and Transamerica Redwood Park, both within walking distance.
San Francisco is a leading center for economic development, with strong industry clusters in technology, healthcare, and professional services supporting long-term market stability. The city’s status as an innovation hub is reflected in its high concentration of technology and knowledge-based jobs. Major companies like Open AI, Salesforce, Google, Meta, Uber, Airbnb, and Stripe are established in the area. These strengths are enhanced by top educational institutions, global connectivity, and a diverse, engaged workforce.
This property represents a rare opportunity to reposition or repurpose a historic asset in one of San Francisco’s most desirable neighborhoods.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Built in 1909, this 10,465-square-foot property features classic architecture and a rich heritage, making it a unique opportunity for investors. Currently, the entire building is vacant, giving buyers flexibility to lease the space to one or more tenants, or to use the property themselves and customize it to their needs. With in-place Chinatown Community Business (CCB) zoning, the opportunities are endless. CCB is a specific, high-density, mixed-use zoning district in San Francisco designed to support the neighborhood's unique character by encouraging a mix of housing, local retail, and small businesses. It allows for residential, commercial, and, in some cases, light industrial uses. 650 Sacramento Street is an excellent candidate for conversion from office to residential use. Its prime location in the heart of the Financial District makes it especially attractive for redevelopment into luxury residential units, taking advantage of the growing demand for high-end housing in this vibrant area.
Situated between Nob Hill and the North Beach, makes it a strong candidate for investment and redevelopment. Known as a leading destination for shopping, dining, and entertainment, the neighborhood offers convenient access to other parts of the city. The property at 650 Sacramento Street is close to both local and national retailers, with places like the Omni San Francisco Hotel, The Hyatt Regency Hotel, The Embarcadeo Center, Starbucks, Leo’s Oyster Bar, and others just a block away. Residents also have easy access to green spaces such as Portsmouth Square Park and Transamerica Redwood Park, both within walking distance.
San Francisco is a leading center for economic development, with strong industry clusters in technology, healthcare, and professional services supporting long-term market stability. The city’s status as an innovation hub is reflected in its high concentration of technology and knowledge-based jobs. Major companies like Open AI, Salesforce, Google, Meta, Uber, Airbnb, and Stripe are established in the area. These strengths are enhanced by top educational institutions, global connectivity, and a diverse, engaged workforce.
This property represents a rare opportunity to reposition or repurpose a historic asset in one of San Francisco’s most desirable neighborhoods.
Property tours are available by appointment only. Please contact the listing broker to schedule.
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Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Building Size
10,465 SF
Building Class
C
Year Built
1909
Tenancy
Single
Building Height
4 Stories
Typical Floor Size
2,616 SF
Building FAR
3.89
Lot Size
0.06 AC
Parcel Number
0227-013
Zoning
CCB - CCB
Amenities
- Signage
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (77)
Demographics
Demographics
1 mile
3 mile
5 mile
2024 Population
113,493
374,247
607,987
2020 Population
121,539
396,650
658,229
2029 Population
105,658
349,228
564,510
2024-2029 Projected Population Growth
-6.9%
-6.7%
-7.2%
Daytime Employees
243,348
454,934
560,794
Total Businesses
22,423
50,303
63,922
Average Household Income
$126,671
$155,079
$159,029
Median Household Income
$83,715
$125,635
$131,081
Total Consumer Spending
$1.8B
$6.4B
$10B
Median Age
42.1
39.6
40.5
2024 Households
60,644
184,773
275,956
Percent College Degree or Above
31%
36%
35%
Average Home Value
$975,507
$1,003,543
$1,020,788
$ values in USD
About the Seller
Read More
Other Properties in the BRICK & TIMBER COLLECTIVE Portfolio
Sale Advisor
Sale Advisor
Rich Lewetzow, Senior Partner
Rich Lewetzow is a proven professional with a broad range of experience in business development, sales management and client relations. As a fifth-generation San Franciscan, Rich has garnered a well-respected name in the industry due in large part to his close ties with community members of the Bay Area and his expert knowledge of the local real estate market and trends.
Rich launched his real estate career in 2009 after founding the City By The Bay Real Estate Group, which he currently manages alongside a team of top producing real estate professionals. Rich specializes in representing buyers and sellers in luxury residential and commercial development projects and site acquisitions and sales. In addition, he is the co-founder of Barbary Coast Builders, a local development company specializing in the renovation of existing properties to bring them to their highest and best use.
For those looking to develop real estate, Rich’s strong negotiation skills coupled with his proven marketing strategy help provide the service and results that you deserve from a real estate professional. Rich understands the importance of the developer’s vision and has earned the trust of his clients through his honest work, extensive experience selling high volume accounts and close attention to detail.
Rich launched his real estate career in 2009 after founding the City By The Bay Real Estate Group, which he currently manages alongside a team of top producing real estate professionals. Rich specializes in representing buyers and sellers in luxury residential and commercial development projects and site acquisitions and sales. In addition, he is the co-founder of Barbary Coast Builders, a local development company specializing in the renovation of existing properties to bring them to their highest and best use.
For those looking to develop real estate, Rich’s strong negotiation skills coupled with his proven marketing strategy help provide the service and results that you deserve from a real estate professional. Rich understands the importance of the developer’s vision and has earned the trust of his clients through his honest work, extensive experience selling high volume accounts and close attention to detail.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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Auction Contact
Jameson Kuykendall
Contact
Auctioneer License:
Ten-X Jessica Figueroa RE Brkr 01937601. Ten-X Auction Surety Bond 106465786
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Matterport 3D Exterior
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Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Vacant Repositioning Opportunity | Downtown | 650 Sacramento St
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