Embassy Hotel | 610-632 Polk St
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Embassy Hotel 610-632 Polk St
84 Room Hotel San Francisco, CA 94102 For Sale
Investment Highlights
- Completely clean offering, both fee simple and non-union, with multiple value add opportunities in a unique middle market property.
- Walking distance to the shops, restaurants and bars in Hayes Valley.
- Exceptional location, one block from Van Ness Street, San Francisco's largest north-south thoroughfare.
- International gateway market that is just reopening to Asia, with significant high barriers to entry. ???????
Executive Summary
CBRE Hotels, as exclusive advisor, is pleased to present the exceptional opportunity to acquire the Embassy Hotel, located in the Van Ness Corridor of San Francisco, California.
The 84-room hotel lies within a unique Art Deco building built in 1930 and benefits from exceptional street visibility, on the corner of Polk Street and Turk Street. Located just one block from Van Ness Avenue, access to and from the Embassy Hotel will be enhanced due to its proximity to the Bus Rapid Transit (BRT) system, a $346 million transportation project providing express bus service from downtown to the marina districts, which was recently completed.
The offering includes three retail spaces with frontage on Polk Street, as well as a separate parking parcel located adjacent to the hotel on Turk Street that is primed for redevelopment to an alternative use. There are also a handful of value-add opportunities including the potential to brand the property, renovate the guestrooms, and sign a lease with a new tenant for the ground floor corner retail space entitled for a restaurant and bar. The restaurant and bar is a turn-key operation and would require very minimal capital investment to activate.
The hotel’s operations are non-union and the offering is presented fee simple and unencumbered of both brand and management.
The 84-room hotel lies within a unique Art Deco building built in 1930 and benefits from exceptional street visibility, on the corner of Polk Street and Turk Street. Located just one block from Van Ness Avenue, access to and from the Embassy Hotel will be enhanced due to its proximity to the Bus Rapid Transit (BRT) system, a $346 million transportation project providing express bus service from downtown to the marina districts, which was recently completed.
The offering includes three retail spaces with frontage on Polk Street, as well as a separate parking parcel located adjacent to the hotel on Turk Street that is primed for redevelopment to an alternative use. There are also a handful of value-add opportunities including the potential to brand the property, renovate the guestrooms, and sign a lease with a new tenant for the ground floor corner retail space entitled for a restaurant and bar. The restaurant and bar is a turn-key operation and would require very minimal capital investment to activate.
The hotel’s operations are non-union and the offering is presented fee simple and unencumbered of both brand and management.
Property Facts Under Contract
| Sale Type | Investment | No. Rooms | 84 |
| Property Type | Hospitality | No. Stories | 6 |
| Property Subtype | Hotel | Year Built | 1928 |
| Building Class | B | Tenancy | Single |
| Lot Size | 0.10 AC | Corridor | Interior |
| Building Size | 34,125 SF |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.10 AC |
| Building Size | 34,125 SF |
| No. Rooms | 84 |
| No. Stories | 6 |
| Year Built | 1928 |
| Tenancy | Single |
| Corridor | Interior |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 84 | $94.00 | - |
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Walk Score ®
Walker's Paradise (99)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Biker's Paradise (97)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,698,293 | |
| Land Assessment | $4,439,427 | Total Assessment | $8,137,720 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$4,439,427
Improvements Assessment
$3,698,293
Total Assessment
$8,137,720
zoning
| Zoning Code | RC4 |
| RC4 |
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Embassy Hotel | 610-632 Polk St
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