249 Grand Avenue⋅South San Francisco, CA

Compass Commercial is pleased to offer 249 Grand Avenue for sale, a prime mixed-used building in the heart of Downtown South San Francisco. The area has seen a massive influx of new construction in the last few years, resulting in the addition of over 2,000+ market rate units within walking distance to the subject property. The property is made up of a vacant ground floor bar, formerly known as the The Topper and 1 two-bedroom/one-bathroom residential flat. The sale of the property also includes an active type 48 on-site consumption liquor license. The building is well suited for an owner occupier or an investor. An owner-occupy may qualify for an SBA financed loan to acquire the property, allowing for as low as a 10% down payment. The property features double frontage on both Grand Avenue and 3rd Lane and is located in the Grand Avenue Core (GAC) zoning district which allows for a maximum building height of 65 feet, and encourages high density above retail. Currently, the building occupies approximately 35% of the lot, allowing a new owner the opportunity for future re-development, the addition of ADUs, or to create an attractive outdoor patio for patrons to enjoy. Additionally, there are plans in place to add 899 square feet to the ground floor, which will increase the business's footprint and income potential. South San Francisco stands as an economic powerhouse nestled strategically in the Bay Area. Known as the "Birthplace of Biotechnology" the city boasts top-tier employers such as Genentech, Amgen, and other leading companies, collectively providing over 30,000 jobs. This vibrant job market, continuously growing and diversifying across industries, fuels the city's allure as an employment epicenter. It's proximity to both San Francisco and San Francisco International Airport (just a 15-minute drive) amplifies its appeal. The city has witnessed a surge in real estate development, mostly centered around downtown, including the addition of 1,500 new apartment units in the past year.