About 1586 Folsom Street
For the first time in over half a century, this historic mixed-use property is available for sale. Located at the high-visibility corner of 12th and Folsom Streets in San Francisco's resurgent South of Market neighborhood, this unique opportunity offers both commercial and residential components. The ground floor features a fully built-out bar and restaurant, boasting over 3,300 sq. ft. of space and 118 feet of frontage along both Folsom and 12th Streets. This high-exposure corner location includes expansive windows, prominent identity signage, two full bars, two dining rooms, a Type 2 hood, prep kitchen, office space, and large walk-in coolers. There are two years remaining on the current lease, with no renewal option. The tenant currently holds a Type 47 liquor license. (Please note: the bar and restaurant business is not included in the sale of the building.) The residential component consists of 10 apartment units, including six one-bedroom units and four studio units. Most units have been renovated with updated kitchens and bathrooms. Expenses are low, and there are banked rent increases available. The property has undergone a seismic retrofit and a fire alarm system upgrade.
