PROPERTY DESCRIPTION

224 Mississippi Street | Potrero Hill

FOR SALE

Light Industrial Mixed-Use Building – SOLD

Click to View OFFERING MEMORANDUM

Offering Details:
  • Address: 224 Mississippi Street
  • Price: $2,200,000
  • Building Size: +/- 3,400 Sq.Ft.

As exclusive agents, Urban Group Real Estate is pleased to present 224 Mississippi Street, San Francisco, CA for purchase.

With 2,500 square feet of light industrial space plus 900 square feet of living area, this is truly a one of kind mixed use building. This property exudes Potrero Hill charm and offers an ideal live work option. The building has been extensively upgraded, with pride of ownership throughout. The current owners are local artists who have operated a very successful graphite objects business, Batle Studio.

The ground level light industrial space offers mostly open space with high ceilings, workshop, private offices, kitchenette, full bath, skylights, HVAC and 400 Amp service.  Zoning is RH2 and light industrial is the legal non-conforming use.

The 2nd level features a two-bedroom one bath residential unit, with spacious living/dining area, updated kitchen, great natural light, rooftop deck and city views. Live upstairs or rent for additional income. Ideal for an owner-user, live-work or investment opportunity.

Potrero Hill’s steep roads, colorful rows of homes, and small-town quality feel make it popular with those who enjoy full access to the bustling city but prefer a quiet place to lay their heads. The main shopping corridor,18th Street, has quaint eateries and shops. On the neighborhood’s eastern edge, industrial-cool Dogpatch, with hip bars and eateries, runs along the waterfront.

Highlights:
  • Ideal Potrero Hill location
  • Extensive upgrades
  • Projected 4.10% Cap Rate
  • 400-amp electric service

 

LOUIS CORNEJO
office: 415.863.1775
direct: 415.786.3662
email: louis@urbangroupsf.com
DRE 01518102