Contacts

Dan McGue

Coldwell Banker Realty

Property Details

Property Type Other
Lot Size 4,220 Acre
Additional Rent Contact for pricing
Year Built 1907
Year Renovated 2014
Date Updated Dec 3, 2024

507 Bush/347-359-363 Grant Ave is an architecturally attractive mixed-use trophy corner building located in the heart of San Francisco’s Union Square/Financial District. It houses The Urban Hotel, a three-story property with 55 rooms. The Urban offers budget-friendly accommodations with shared facilities, including a variety of room types like economy doubles and singles, all with shared bathrooms. It caters to travelers looking for affordable lodging in a top location. The Urban Hotel is in excellent condition and very well operated by Engage Hospitality LLC, a talented and experienced operator with a 10 year master lease. They have been managing 100% of the daily residential operations since 2017. The first floor offers over 8,000 square feet of prime retail space along Grant Avenue, making it ideal for retail businesses seeking high visibility in a superb A+ location. The corner space (359 Grant Avenue) is currently occupied by a high-volume Starbucks store with a recently negotiated long term lease extension. There is also a beautiful two level retail space located at 363 Grant Avenue, ideal for luxury retail shops, which was most recently occupied by Serge Sorokko Gallery and previously by American Apparel and West Coast Leather. This space is currently vacant, however the property is being sold with a 3 year NNN rent guarantee in place. The building is flexible and well suited for a variety of buyers, such as legacy investors, exchangers, syndicators, developers, hotel operators, and retail owner/users. The building has been seismically retrofitted. See attached Lease Summary.

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Highlights

• Fantastic Cap Rate!! • Excellent Union Square Location! • Across Street from Famous Dragon Gate (Entry to Chinatown) & Cafe De La Presse • One Half Block from Le Central Bistro • Two Blocks from Center of The Financial District • Architecturally Appealing Mixed Use Commercial Building •...

Attachments

Offering Memorandum (PDF) opens in new window

Getting around

100/100
Walk Score ®
100/100
Transit Score ®
74/100
Bike Score ®

Powered by Walk Score ®

City San Francisco, CA
Neighborhood Financial District - Barbary Coast
Zip Code 94108
Market San Francisco

Points of Interest

Taxi Stand at Hotel Triton

0.02 miles
Taxi Stand at Grand Hyatt (along Sutter St in front of Starbucks)

0.09 miles
Taxi Stand at the Ritz-Carlton

0.11 miles
California Street & Grant Avenue

0.15 miles
Taxi Stand at Marriott Union Square

0.15 miles
Powell Street & Bush Street

0.16 miles
Taxi Stand at Beacon Grand

0.18 miles
Powell Street & Pine Street

0.18 miles
California Street & Kearny Street

0.18 miles
Taxi Stand at 555 California Street Building

0.20 miles

Shell

0.84 miles
EVgo

0.88 miles
Chevron

0.90 miles
Standard

0.92 miles
76

1.18 miles
Tesla Destination Charger

1.30 miles
Electrify America

1.46 miles
Volta HQ Charging Station

1.54 miles
Rivian Waypoints

1.62 miles
San Francisco, CA - Geary Boulevard Supercharger

2.33 miles

Sutter Stockton Garage

0.04 miles
The White House Garage

0.09 miles
450 Sutter parking

0.12 miles
Saint Mary's Square Garages

0.14 miles
Union Square Garage

0.19 miles
City Park

0.21 miles
550 California Street Parking Garage

0.25 miles
Palace Garage

0.29 miles
Four Seasons Valet Parking Entrance

0.30 miles
Ellis O'Farrell Garage

0.31 miles

The Urban Hotel

0.01 miles
Hotel Astoria

0.02 miles
Baldwin Hotel

0.03 miles
Hotel Triton

0.03 miles
Orchard Garden Hotel

0.05 miles
Hotel Des Arts

0.05 miles
WorldMark San Francisco

0.06 miles
Grant Plaza

0.07 miles
Hotel Ikon

0.07 miles
Campton Place Hotel

0.09 miles

Crocker Galleria

0.16 miles
Saks Fifth Avenue

0.18 miles
Neiman Marcus

0.21 miles
Macy's

0.25 miles
Ross

0.32 miles
Trader Joe's

0.34 miles
Target

0.41 miles
Kiki Supermarket

0.43 miles
San Francisco Centre

0.44 miles
Metreon

0.45 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.