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895 O'Farrell St
San Francisco, CA 94109

Retail Property For Sale

Investment Highlights

  • Irreplaceable building at the Corner of Polk and OFarrell
  • 130 Ft Height Limit
  • Irreplaceable building at the Corner of Polk and OFarrell

Executive Summary

The Mitchell Brothers O’Farrell Theatre, located at 895 O’Farrell Street in San Francisco,
is one of the most opportune redevelopment sights in San Francisco. The site sits in the Lower Polk Street Neighborhood Commercial District, which is located along a heavily
trafficked thoroughfare that also serves as a major transit route. In addition to providing
convenience goods and services to the surrounding neighborhood, the District offers a wide variety of comparison and specialty goods and services to a population greater than the immediate neighborhood.
The subject property is zoned NC-3, Neighborhood Commercial, Moderate Scale (3+ Commercial Stories). Situated on the corner of O’Farrell and Polk, the property extends 94 feet down O’Farrell Street and roughly 102 feet down Polk Street, totaling 9,596 square feet according to county records. The zoning allows for a 130 foot building height and a density of 1 unit per 200 square feet.
Qualified “senior housing” that is restricted to senior occupancy for the lifetime of a development is permitted on the site at up to twice the otherwise allowable density. Up to 96 senior housing units (1 per 100 square feet of lot area) are allowable under the zoning. Depending on amount of affordable housing provided on site, a density bonus of up to 35% may be available under the State Density Bonus Law.
The Mitchell Brothers O’Farrell Theatre is a unique and rare opportunity for a developer or add-value
investor interested in an urban, ground-up project.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bar
Building Size
12,920 SF
Building Class
B
Year Built
1924
Price
£7,914,429
Price Per SF
£613
Tenancy
Single
Number of Floors
2
Building FAR
1.35
Lot Size
0.22 AC
Zoning
NC-3 - Neighborhood Commercial, Moderate Scale (3+ Commercial Stories)
Frontage
94 ft on Ofarrell

Amenities

  • Restaurant
  • Signage
  • Roof Lights
  • Monument Signage
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0717-013
Land Assessment
£5,267,608
Improvements Assessment
£2,257,546
Total Assessment
£7,525,154
  • Listing ID: 22077896

  • Date on Market: 26/01/2021

  • Last Updated:

  • Address: 895 O'Farrell St, San Francisco, CA 94109

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