The Urban Hotel 507 Bush St 55 Pièce Auberge San Francisco, CA 94108 11 596 040 $ CAD (210 837 $ CAD/Pièce) 10,50% Taux de capitalisation

507 Bush/347-359-363 Grant Ave is an architecturally attractive mixed-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.