Rare Investment Opportunity: Downtown San Francisco Parking Garage

Summary Description

The Palms Parking Garage is located at 555 4th Street, San Francisco. The Palms Parking Garage is a newly constructed, 3-level parking garage.  The offering consists of a total of 116-parking stalls, one 953 square foot condominium unit, and 6 storage units.

Property Status: For Sale

Price: $5,700,000.00

Area Available: 116 Square Feet

Features:

• Newly constructed covered parking garage directly on the bustling 4th Street corridor
• 3 levels, above-ground parking structure totaling 116 parking stalls
• 6 storage spaces
• 1 large one-bedroom residential condo with a balcony (953 square feet) with no rent control that could be sold vacant
• Parking spaces can only be rented to condo owners per the CC&Rs
• No restriction on parking rates per the CC&Rs