525 COMMERCIAL ST San Francisco CA 94111

Unique Asset. Nestled near Transamerica Pyramid and Jackson Square, this is a rare Free-Standing, Turn-Key Restaurant building with an opportunity with outdoor table seating. There are only a handful of such buildings with outdoor seating in the Financial District including the renowned Belden Alley. The area is benefited from an outsized day time population of office workers plus is proximate to burgeoning neighborhoods of Jackson Square, Chinatown and North Beach.

Completely re-built and retrofitted in 2000, all major systems are new including elevator, HVAC, electrical and plumbing. There are two full kitchens, a main kitchen in the basement and a second kitchen on the ground floor in the serving area.

The building in its current configuration utilizes the basement for food storage, preparation and cooking. The ground floor is the ordering and serving area and provides limited seating. Additional seating is located on the 2nd and 3rd levels which are partial floors creating an open grandiose dining area. A very desirable feature of this building is the use of the alley as an outdoor seating area during the lunch hours and at other times subject to permit application with the City.

Unparalleled Location. Historic Commercial Street has played a significant role in San Francisco’s commercial district since the 1840’s. Two notable significant historic sites on Commercial Street are The First Branch of the US Mint in California at 608 Commercial Street and The Hudson Bay Company Headquarters selection of its worldwide headquarters at Montgomery and Commercial Streets. This tradition as the center of the commercial district continues today The property benefits from a tremendous pedestrian traffic and outstanding visibility in the Financial District. The property is surrounded by 3 major landmark office towers (Bank of America Building, TransAmerica Pyramid, and Embarcadero Center), together which total more than 6.5 million square feet of office space. This is in addition to countless other mid-rise and high-rise buildings in the area bringing the total to 30 million sq ft of office space in the Financial District.

Further the area surrounding 525 Commercial Street in San Francisco's Financial District and adjacent Jackson Square is experiencing significant development and revitalization efforts. Notable projects include:

Transamerica Pyramid Renovation. The iconic Transamerica Pyramid has recently undergone a comprehensive renovation led by developer Michael Shvo, with designs by Foster + Partners. The renovation, which began in 2022, involved an investment of approximately $250 million and is part of a larger $400 million makeover of the Transamerica Pyramid Center. The project aimed to modernize the building's interior spaces and enhance its public areas, including the addition of a dynamic LED lighting system atop the structure.

Jony Ive's Jackson Square Redevelopment. Renowned designer Jony Ive, formerly of Apple, has been investing heavily in the Jackson Square area. Since 2020, entities associated with Ive have acquired nearly a city block bordered by Columbus and Pacific Avenues and Jackson and Montgomery Streets. The total investment is reported to be over $137 million. Plans for the area include creating a hub for creative professionals and developing new projects, such as an AI-powered device in collaboration with OpenAI's Sam Altman.

Transamerica Pyramid Center Enhancements: Beyond the main pyramid building, the adjacent structures at 505 Sansome and 545 Sansome are undergoing transformations to include modern office spaces and public amenities.

Area Highlights. The Financial District is San Francisco's primary business hub, characterized by its concentration of corporate headquarters, financial institutions, and notable skyscrapers. It offers a dynamic urban environment with a mix of historic architecture and modern developments. Jackson Square, one of the city's oldest commercial neighborhoods, is known for its preserved 19th-century buildings, art galleries, boutique shops, and fine dining establishments. The area's historic charm combined with contemporary developments makes it a sought-after destination for both businesses and visitors.

These ongoing projects and the area's inherent attractions underscore the dynamic nature of the neighborhood, enhancing its appeal for potential investors and occupants.