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679-685 3rd St
San Francisco, CA 94107
Office Property For Sale
Investment Highlights
- CREATIVE BRICK & TIMBER “VALUE-ADD” OPPORTUNITY
- SOMA EAST LOCATION W/ DIRECT ACCESS TO MUNI, RAIL LINE & CALTRAN
- RETAIL SPACE 100% LEASED TO WOODBURY BAR & GASTROPUB AND ALCHEMIST BAR & LOUNGE
- SURROUNDED BY NEW & NOTABLE TECH/AI TENANCY
Executive Summary
Colliers, as Exclusive Advisor to the Seller, is pleased to present the opportunity to acquire 685 3rd Street, (the “Property”), a 5 floor plus lower-level value-add office / PDR / retail building situated in the SOMA East submarket of San Francisco located just steps from Oracle Park and 5-minute walk to the 4th and Townsend Caltrain Station.
685 3rd Street features two floors of retail, 100% leased to popular restaurant/bar/lounge concepts Woodbury and Alchemist. The upper 3 floors of the building are vacant and in shell condition presenting an immediate opportunity to renovate the floors to capture the growing demand from AI and technology users. The southeast side of the building features a large billboard sign which provides an additional income stream for the Property.
685 3rd Street features two floors of retail, 100% leased to popular restaurant/bar/lounge concepts Woodbury and Alchemist. The upper 3 floors of the building are vacant and in shell condition presenting an immediate opportunity to renovate the floors to capture the growing demand from AI and technology users. The southeast side of the building features a large billboard sign which provides an additional income stream for the Property.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
20,738 SF
Building Class
B
Year Built/Renovated
1906/2016
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
4,148 SF
Slab To Slab
8’
Building FAR
5.29
Lot Size
0.09 AC
Zoning
CMUO - Central SOMA Mixed-Use Office)
Amenities
- Bus Line
Property Taxes
| Parcel Number | 3788-015 | Improvements Assessment | $272,753 CAD |
| Land Assessment | $112,337 CAD | Total Assessment | $385,089 CAD |
Property Taxes
Parcel Number
3788-015
Land Assessment
$112,337 CAD
Improvements Assessment
$272,753 CAD
Total Assessment
$385,089 CAD
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