249 Grand Avenue is a prime mixed-used building in the heart of Downtown South San Francisco, known as the "Birthplace of Biotechnology". The area has seen an influx of over 1,000+ Market Rate units within walking distance to the subject property, in just the last few years.
The property includes a full-floor residential flat above a ground-floor bar. The bar which is one of three on Grand Avenue will be delivered vacant.
With double frontage on both Grand and 3rd Lane Avenue and a large backyard patio, the subject is well suited for a bar/restaurant combination. The sale of the property also includes a rare type 48 liquor license,
The subject property is located in the Grand Avenue Core (GAC) zoning district which allows for continuous retail frontage with high-density residential above. Currently, the building occupies approximately 40% of the lot, allowing a new owner the opportunity for future development potential.