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25497594
25497595

165 Jefferson Street, San Francisco, CA 94133

QC
02074286
Marcus & Millichap - San Francisco
MM
License CA 0022124
Marcus & Millichap - San Francisco
Listed by Marcus & Millichap - San Francisco
$5,088,000
313 days on market
Updated 70 days ago

Retail/Office Investment - Fisherman's Wharf

Details
APN 0013-006A
Property Type Office, Retail
Sub Type Creative Office, Storefront (+1)
Square Footage 6,776
Net Rentable (SqFt) 6,750
Units 8
Cap Rate 5.18%
Occupancy 100%
Tenancy Multi
Lease Type NNN
Year Built 1965
Buildings 1
Stories 2
Acreage 0.120
Zoning C2
Ownership Fee Simple

Fully Occupied Multi-Tenant Retail/Office Asset at Iconic Fisherman's Wharf

Marketing description

Not offered for sale since its original construction in 1968, 165 Jefferson Street is an opportunity to acquire a generational asset for an investor. The subject property is in the heart of the famed Fisherman's Wharf district in San Francisco, California. Situated between Ripley's Believe It or Not! and directly across Jefferson Street from the Boudin Bakery flagship store, 165 Jefferson Street enjoys a mid-block, ground-zero location in this world-renowned destination retail district in San Francisco.

The subject property was constructed as part of a planned development with its adjacent sister property, 155 Jefferson Street (not included in this offering). The two buildings share a common area deck on the second level, but each property with its own utility services and supporting infrastructure. Comprised of some 6,776 gross square feet, 165 Jefferson Street is positioned on a parcel of approximately 5,156 square feet and approximately 37.5 ft. wide with a depth of 137.5 feet. The new owner-user or retail tenant will enjoy the benefit of tremendous exposure to customer foot and vehicular traffic from the high-impact, dominant signage allowable on the building façade.

In addition to dramatically increasing business and tourist visits to Fisherman's Wharf - reportedly reaching 80% of pre-pandemic peak levels in 2022 - recently approved and proposed new developments include a 136-room hotel located at 2629 Taylor Street just one and a half blocks from the subject property. Directly across Jefferson Street from the subject property, a recently submitted plan to completely redevelop Pier 45 (and seawall lots 300/301) has received positive reviews from the San Francisco Port Authority. Recent and soon to arrive retailers virtually surround the block of 165 Jefferson Street include the restaurant Pollo Campero, which opened in 2024 and is located at 155 Jefferson Street directly adjacent to the subject property.

Listing Contacts

QC
02074286
Marcus & Millichap - San Francisco
MM
License CA 0022124
Marcus & Millichap - San Francisco
Listed by Marcus & Millichap - San Francisco

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