On the Market: 5 Interesting Listings for September

This month's listings include a historic restaurant built in the 1950s in Utah and a three-unit multifamily project in North Hollywood, Calif.

On the Market is a monthly department curating the most interesting recent for-sale CRE assets for less than $10 million. If you have a commercial real estate asset that you’d like to share with our readers, please email it to Associate Editor Mallory Bulman.

rendering of proposed hotel
rendering of proposed hotel

Boutique Hotel on Lake Jackson

Location: Sebring, Fla. 

Price: $590,000

Rooms: 45

Building Size: 40,000 SF

Price/Room: $13,111.11

Property Type: Hotel

Highlights: Proposed plans for a hotel on a more than one acre lot with two furnished living buildings; developer has plans for boutique or condo hotel; situated on Lake Jackson in Sebring; located minutes from the International Raceway Track; area does not have many hospitality options.

Contact: Uri Segev, UI Holdings LLC, 305-244-2882

folsom2779 Folsom

Location: San Francisco, Calif.

Price: $2.7 million

Building Size: 17,848 SF

Price/SF: $156

Property Type: Retail 

Highlights: The property is situated on an 8,424-square-foot lot in the Inner Mission neighborhood; located right off popular 24th Street corridor on a tree-lined street; property will be delivered vacant; neighborhood has easy access to public transportation by the 24th Street BART station or multiple MUNI bus lines; large building envelope with wide roll-up door.

Contact: Alexander Kolovyansky, Vanguard Properties, 415-875-7450

mercantileThe Mercantile

Location: Ogden, Utah

Price: $788,000

Building Size: 6,243 SF

Price/SF: $126.22

Property Type: Restaurant

Highlights: Property operates as a restaurant, but can accommodate numerous other retail or restaurant concepts; historic 1952-built building with original details; newly renovated with two modern kitchens with walk-in refrigerators and freezers and a new HVAC system; located in original downtown of South Ogden between 39th and 40th Streets on Washington Boulevard; 20 parking spots out front. 

Contact: Leigh Ann Fincher, Engel & Volkers, 801-430-5122

brooklyn9802 Foster Ave.

Location: Brooklyn, N.Y.

Price: $1 million

Building Size: 2,390 SF

Price/SF: $418.41

Property Type: Retail and multifamily

HIghlights: Property is a two-story, three-unit mixed use building in Canarsie, Brooklyn; property consists of two residential apartments totaling 1,445 SF, one 945-square-foot commercial unit, one parking space and 2,179 unused buildable air rights; close to famed Canarsie Pier and near L train, MTA B6, 17, 42, 60, 82 and BM2 buses. 

Contact: Andrew Lichtenstein, Andrew Lichtenstein Inc., 800-242-9888

noho5650 Fulcher Ave.

Location: North Hollywood, Calif. 

Price: $1.8 million

Building Size: 4,673 SF

Units: 3

Price/Unit: $633,000

Property Type: Multifamily

Highlights: Under-construction green certified property in trendy North Hollywood Arts District neighborhood; completion is expected in September 2017; property will be delivered vacant; detached front house and rear duplex with townhouse-style units; total of 11 bedrooms and eight-and-a-half bathrooms; front house has an attached two-car garage and the rear units each have two parking spaces. 

Contact: Seth Hamilton, Streetlamp Properties, Inc., 714-397-6077


All images and information are courtesy of respective brokers listed.