646-654 Washington Street, San Francisco, CA 94111, San Francisco, 94111 - bed, bath
ACTIVE$2,400,000
646-654 Washington Street, San Francisco, CA 94111
0Bed
0Bath
Sqft
4,560.73Lot
Year Built
Close
-
List price
$2.4M
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
424081147
Home ConditionFair
Features
View-
About this home
We found 3 Cons,6 Pros.
646-654 Washington St is a commercial building located in the Financial District, next to the historical Chinatown, near North Beach and the Transamerica Pyramid, with excellent access to public transportation. This is a high foot traffic area that draws both local San Franciscans and international visitors. 646-654 Washington St is a 18,128 square feet building sitting on a 4,560 square foot lot. In addition, the building has a full basement. The ground floor used to occupied by a seafood restaurant tenant and is currently vacant. APN is 0195-008. Zoning is CCB. The subject property presents a great Financial District investment opportunity with incredible redevelopment potential for creative investors.
Nearby schools
/10
Chinese Education Center
Public,•K-5•0.1mi
9/10
Chin (John Yehall) Elementary School
Public,•K-5•0.2mi
7/10
Lau (Gordon J.) Elementary School
Public,•K-5•0.3mi
6/10
Parker (Jean) Elementary School
Public,•K-5•0.4mi
6/10
San Francisco Public Montessori School
Public,•K-5•1.6mi
5/10
Daniel Webster Elementary School
Public,•K-5•2.5mi
9/10
Chinese Immersion School At Deavila
Public,•K-5•2.8mi
1/10
Mission Education Center
Public,•K-5•4.0mi
2/10
Fairmount Elementary School
Public,•K-5•4.0mi
6/10
Francisco Middle School
Public,•6-8•0.8mi
3/10
Carmichael (Bessie)/Fec
Public,•K-8•1.4mi
6/10
Marina Middle School
Public,•6-8•1.8mi
9/10
Lilienthal (Claire) Elementary School
Public,•K-8•2.2mi
4/10
Buena Vista/ Horace Mann K-8
Public,•K-8•3.0mi
3/10
Lick (James) Middle School
Public,•6-8•3.5mi
6/10
Rooftop Elementary School
Public,•K-8•3.6mi
2/10
Revere (Paul) Elementary School
Public,•K-8•4.1mi
8/10
Yu (Alice Fong) Elementary School
Public,•K-8•4.3mi
3/10
San Francisco Community Alternative School
Public,•K-8•5.1mi
9/10
Lawton Alternative Elementary School
Public,•K-8•5.3mi
8/10
Galileo High School
Public,•9-12•1.2mi
2/10
Wells (Ida B.) High School
Public,•9-12•2.2mi
1/10
Downtown High School
Public,•9-12•2.4mi
7/10
Wallenberg (Raoul) Traditional High School
Public,•9-12•2.5mi
3/10
O'connell (John) High School
Public,•9-12•2.5mi
3/10
Mission High School
Public,•9-12•2.7mi
2/10
S.F. International High School
Public,•9-12•2.8mi
2/10
Marshall (Thurgood) High School
Public,•9-12•4.1mi
6/10
Academy Of Arts And Sciences
Public,•9-12•4.2mi
9/10
Asawa (Ruth) San Francisco School Of The Arts, A Public School.
Public,•9-12•4.2mi
7/10
Washington (George) High School
Public,•9-12•4.9mi
5/10
Burton (Phillip And Sala) Academic High School
Public,•9-12•5.2mi
2/10
Jordan (June) School For Equity
Public,•9-12•5.4mi
7/10
Lincoln (Abraham) High School
Public,•9-12•5.4mi
7/10
Balboa High School
Public,•9-12•5.4mi
10/10
Lowell High School
Public,•9-12•6.2mi
Price History
Date
Event
Price
11/11/24
Price Change
$2,400,000
Condition Rating
Fair
This is an older commercial building with significant 'redevelopment potential,' indicating it's not in a modern, turn-key condition. While some interior commercial spaces (Images 2, 4) appear to have received basic cosmetic updates like fresh paint and laminate flooring, the exposed ceiling elements, utilitarian finishes, and dated commercial restroom (Image 5) suggest the property has not undergone a full, recent renovation. The exterior (Image 1) and fire escape also point to an older construction. There are no residential kitchens, and the existing commercial restrooms are functional but outdated. The property is maintained but requires substantial updates and investment to meet current commercial standards and realize its full potential.
Pros & Cons
Pros
Great Schools: Elementary School: Chinese Immersion School At Deavila (9/10). Middle School: Lilienthal (Claire) Elementary School (9/10). High School: Lowell High School (10/10).
Prime Financial District Location: Strategically located in San Francisco's Financial District, adjacent to historical Chinatown, and near North Beach and the Transamerica Pyramid, offering high visibility and prestige.
High Foot Traffic Area: The property benefits from a high foot traffic area, attracting both local San Franciscans and international visitors, which is ideal for commercial enterprises.
Excellent Public Transportation Access: The location provides excellent access to public transportation, enhancing convenience for customers and employees in a dense urban environment.
Significant Redevelopment Potential: The property is highlighted as a 'great Financial District investment opportunity with incredible redevelopment potential for creative investors,' suggesting substantial value-add possibilities.
Mixed-Use Zoning (CCB): With CCB zoning and a 'Mixed Use' sub-type, the property offers flexibility for various commercial and potentially residential applications, increasing its investment versatility.
Cons
Vacant Ground Floor: The ground floor, previously occupied by a seafood restaurant, is currently vacant, representing immediate lost rental income and requiring effort and investment to secure a new tenant.
Requires Significant Investment for Redevelopment: While offering redevelopment potential, realizing this potential will necessitate substantial capital investment and planning, which may not appeal to all types of investors.
Property Type Discrepancy: The listing's 'type' field is marked as 'Residential' despite the description clearly stating it is a 'commercial building' with a 'Mixed Use' sub-type, which could cause confusion for potential buyers.