About 106 Albion Street
106 Albion is a mixed-use residential hotel property in the heart of the Mission District. The property consists of 20 SRO units, a commercial space occupied by a wine bar, and an additional one bedroom/one bath unit. Eighteen of the SRO units are master leased to a nonprofit organization, providing a stable income stream. Either party may terminate the agreement with 60 days notice, offering flexibility for a new owner. The commercial space, occupied by The Big Finish wine bar, is leased through 2034. The space has been recently renovated and has a strong history of successful tenants. In addition to the ground floor, it includes a full basement that is used for cold storage, operations, and office space. Located at the corner of 16th and Albion Streets, the property offers one of the Mission District's best locations, with easy access to the neighborhood's restaurants, shopping, and public transportation. This is an excellent opportunity to acquire a fully occupied mixed-use asset that offers stable current income, while also providing the flexibility for a future owner to operate the residential hotel and realize significant upside potential.
