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4947 3rd StSan Francisco, CA 94124
US Bank (Dark) - San Francisco, CA - Redevelopment Opportunity
Asset ClassRetail
Deal Size: $2.7 MCap Rate: 8.4%Access Data Room
overview of deal

Overview

This property offers exceptional visibility and accessibility with its corner frontage at the intersection of 3rd Street and Quesada Avenue, a key commercial corridor in San Francisco. Positioned adjacent to the T Third Street light rail, the site benefits from multiple nearby transit stops, including Oakdale/Palou, Marin, and Evans stations, all within a short walking distance. Additional connectivity is provided through nearby bus routes and bike-share facilities, enhancing accessibility for both commuters and visitors.

 

The property is surrounded by notable community landmarks such as Dr. Charles R. Drew Elementary School, the Bayview Public Library, and the historic Bayview Opera House, contributing to strong neighborhood engagement and foot traffic. Located in Bayview-Hunters Point, one of Southeast San Francisco’s most active redevelopment areas, the site stands at the forefront of ongoing investment and growth.

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Investment Highlights

  • Absolute NNN Corporate Lease in Place
  • Over $900K+ of fixed income until lease expiration
  • Annual 2.5% Rent Increases
  • 18-Car Parking Lot – recently resealed and restriped
  • Incredible Re-Development Opportunity in San Francisco
  • Located in Bayview Hunter's Point
  • Surrounded by multiple redevelopment projects
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4947 3rd StSan Francisco, CA 94124

Sales Team

Ryan WilmerSenior Managing Director Investments

License #: CA 01815949

(415) 625-2162ryan.wilmer@marcusmillichap.com
Bill SchofieldSenior Managing Director Investments

License #: CA 01239109

(415) 625-2136bill.schofield@marcusmillichap.com
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Listing provided by Revere CRE