2601 Sutter Street
Sales Price $1,425,000 (asking price $899,000) - sold ~60% over asking!
This corner property is located in booming Lower Pacific Heights - close walking distance to Kaiser, UCSF Mt Zion, California Street retail, and the Fillmore District.
The new owner can continue to lease the retail space, or he/she might consider developing the lot for its highest and best use.
The structure on the property is being used as a grocery and deli. The current tenancy is month to month, with rent at $2,350/month. The net operating income is approximately $21,000/year.
The lot is 2,495 square feet, per tax records. The zoning is RH-3 in a 40-X Height & Bulk District, per public records. Potential buyers should verify all zoning restrictions and development opportunities of the lot to their own satisfaction.
Don't miss this interesting opportunity!