FOR SALE
1149-1151 FOLSOM STREET
SAN FRANCISCO, CA 94103
Bar/Nightclub Building
PROPERTY OVERVIEW
1149-1151 Folsom Street is a freestanding, single-tenant bar/nightclub building in the heart of San Francisco’s Western SoMa entertainment corridor. The ±3,620 SF two-story building sits on a ±2,250 SF lot at the corner of Hallam Street, between 7th and 8th Streets, and is 100% leased to a bar/nightclub operator in place since 2004 at $11,000 per month ($132,000 annually) under a lease running through March 31, 2028. At the asking price of $2,150,000 ($594/SF) the in-place income produces a 5.57% cap rate and a 16.3 GRM. The property is zoned Folsom Street NCT (Neighborhood Commercial Transit) with a 65-X height limit and shares the block with the Bloodhound, The Stud, Cat Club and F8, with I-80 / US-101 access two blocks south.
PROPERTY HIGHLIGHTS
± 3,620 SF freestanding two-story bar/nightclub building on a ± 2,250 SF lot — Western SoMa, built 1987
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100% leased to a single bar/nightclub tenant at $11,000/month; lease term through March 31, 2028
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5.57% cap rate and 16.3 GRM on in-place income — $594 per square foot
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Tenant pays 100% of property taxes under the lease — landlord expense limited to insurance
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Folsom Street NCT zoning with 65-X height limit — supports bar, restaurant, entertainment and mixed-use; future redevelopment potential
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Established nightlife corridor: neighbors include Bloodhound, The Stud, Cat Club, F8, Powerhouse and Hole in the Wall
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Two blocks to I-80 / US-101 on-ramps via Harrison and Bryant; Civic Center BART and Market Street Muni within a 12-minute walk
