San Francisco Mixed Use Near Hayes Valley Neighborhood

San Francisco, CA (San Francisco County)

San Francisco Mixed Use Near Hayes Valley Neighborhood
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Asking Price: $15,000,000

Gross Revenue: N/A

Price/Sq. Ft.: N/A

NOI: N/A

Building SF: 9,580

FF&E: N/A

Year Built: N/A

San Francisco Mixed Use Near Hayes Valley Neighborhood

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Property Description

Real Estate Auction-San Francisco Mixed Use By Hayes Valley Neighborhood

Real Estate Auction - San Francisco Mixed Use Near Hayes Valley Neighborhood
131 Franklin Street, San Francisco, CA 94102
Rare San Francisco gem with vertical development opportunity! Desirable location on hard corner just steps from SoMa District and “the Hub.” There is international appeal for this historic building and new owners have the opportunity to develop additional multifamily on top of 75% of the existing retail/office space. Preliminary planning with San Francisco city officials have indicated it would encourage the addition of residential units.

Originally built to be the headquarters of a purveyor of fine pianos, the design of the building is as exquisite as the instruments it once held – even the building’s exterior features fanciful piano keyboard molding. Many upgrades contribute to the building’s current modern take – preserved brick walls and 16-foot ceilings on the third floor create a loft space perfect for corporate meetings or small venue for entertaining and get-togethers.

HVAC upgrades were made to service each floor individually and there is a brand new sophisticated programmable security system with electronic locking and 1,200 lb locks. The system has motion, sound and camera detectors. The hardwood sub-floor on all 3 floors is original 1909 construction, with 4 inch thick mahogany, refinished in 2009. In addition to additional structural support, the building’s basement has been upgraded with a new server room, file room and vault.

The property also offers an opportunity for high profile signage. 131 Franklin keeps good company: The immediate area contains tech firms such as Twitter, Zendesk, Dolby, One Kings Lane, Uber and WeWork. The property is well supported by MUNI and B.A.R.T with direct access to all parts of San Francisco, Oakland, Silicon Valley, the East Bay and all the airports in the area. . . Also within walking distance is the newly constructed SF Jazz Center, the world famous Davies Symphony Hall, SF Ballet, the War Memorial Opera House, Bill Graham Civic Auditorium and the Orpheum Theater. Across the street is the exclusive French American and Chinese American School and the San Francisco Conservatory of music.

Auctioneer's Note
It’s a rare opportunity that a well situated commercial building with tremendous upside potential actually comes to auction. The seller has been an excellent steward to this property and desires to have a successful transaction at the time of the auction. The seller chose to auction the property to provide an open and transparent transaction that gives all parties equal opportunity to acquire the property. Please proceed with due diligence and with confidence.

Nominal Opening Bid:
Open to the Public: 11-2pm Friday March 1 & 15
Auctions: 12pm, Fri Mar 29 on site or bid live from anywhere at auctionnetwork.com
CA Jeff Ashby RE LIC 01526627
Buyer's Premium (Buyer's Fee in WI) May Apply.
800.801.8003
williamsauction.com

Detailed Information

Location:
San Francisco, CA
Type:
Office
Building SF:
9,580
Building Status:
Established
Business Website:
http://www.williamsauction.com/property-plus/131-franklin-st-san-franci
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Williams & Williams Auctioneers

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