3100 Fillmore Street, San Francisco, CA 94123

Property Description

Available for the first time in over 45 years, 3100 Fillmore Street is a rare, stabilized retail investment on a prominent Main & Main corner on the sunny side of Fillmore in the heart of Cow Hollow/Marina. The offering includes two contiguous parcels spanning nearly a full block, with approximately 11,122 SF of buildings on 8,400 SF of land, plus on-site parking. The property is leased to a strong mix of tenants, including Rapha, Lilikoi, Angela's Ice Cream, Engineering 350, Kerner Chiropractic and Commonspace SF, plus a residential unit at 195 Pixley. Priced at $7,500,000 ($674/SF) with a 6.15% cap rate, it offers in-place income with upside as leases roll. Surrounded by Balboa Cafe, PlumpJack, Mixt, Crenn and Fredericksen's Hardware, the site also offers long-term redevelopment potential of approximately 50,400 SF (50+ units) with the State Density Bonus, subject to approvals. I didn't call it 100% leased. The OM's rent roll shows 195 Pixley as Vacant but still counts $5,000/month for it, so check its status before adding that.