507 Bush ST Active Save Request In-Person Tour Request Virtual Tour
San Francisco,CA 94108
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 20,845 sqft
Price per Sqft $719
MLS Listing ID 424077189
HOA Y/N No
Year Built 1907
Lot Size 4,220 Sqft
Acres 0.0969
Property Description
Architecturally attractive mixed-use trophy corner building located in the heart of SF's Union Square/Financial District. It houses The Urban Hotel, a 3 story property with 55 rooms. The Urban offers budget-friendly accommodations with shared facilities, including a variety of room types like economy doubles & singles, all with shared bathrooms. It caters to travelers looking for affordable lodging in a top location. The Urban Hotel is in excellent condition & very well operated by Engage Hospitality LLC, a talented & experienced operator with a 10 yr master lease. They have been managing 100% of the daily residential operations since 2017. The first floor offers over 8,000 sq. ft. of prime retail space along Grant Avenue, making it ideal for retail businesses seeking high visibility in a superb A+ location. The corner space (359 Grant Avenue) is currently occupied by a high-volume Starbucks store with a recently negotiated long term lease extension. There is a beautiful 2 level retail space located at 363 Grant Avenue, ideal for luxury retail shops, which was most recently occupied by Serge Sorokko Gallery. This space is currently vacant, however the property is being sold with a 3 year NNN rent guarantee in place. The building is flexible & well suited for a variety of buyers.
Location
State CA
County San Francisco
Area Sf District 8
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 0286001