501 Hayes Street

This is an excellent opportunity for an investor to purchase an exceptionally well located mixed-use asset with tremendous income upside potential through future rent increases & unit turnover, (Hazie’s restaurant to see a 25% increase in rent to $25,000 per month in 2024, followed by annual increases of 3-4% – in addition there is a percentage of gross sales clause in
the lease).

Property Description

Colliers International is pleased to present 501 Hayes Street located adjacent to Patricia’s Green, a popular public space spanning Octavia Boulevard between Hayes & Fell Street in the Hayes Valley neighborhood of San Francisco. 501 Hayes is in the epicenter of Hayes Valley, one of the trendier sections of town, with an eclectic mix of Boutiques, high-end restaurants, shopping and nightlife. The neighborhood’s proximity to fine-arts venues such as Davies Symphony Hall and the War Memorial Opera Plaza makes it the City’s cultural hub. For commuters, easy freeway access and proximity to several Muni bus lines makes Hayes Valley an even more desirable location. This pride of ownership 18-unit mixed-use corner apartment building consists of four (4) studios, twelve (12) one-bedrooms, and two (2) commercial units currently occupied by Hazie’s, a popular contemporary bar & restaurant and Miette Patisserie & confiserie, a critically acclaimed high quality French pastry shop with locations around the Bay Area. The property has recently undergone a series of upgrades including a seismic retrofit, exterior paint, new electrical service and ADA access compliance for the commercial tenants.