This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Mayflower Hotel 975 Bush St

99 Room Hotel San Francisco, CA 94109 $17,500,000 ($176,768/Room) 9.94% Cap Rate

Executive Summary

The Hotel Mayflower is a rare 94 room tourist hotel in the heart of San Francisco’s Nob Hill. This property has been owned and operated by the same family since its construction in 1927. This beautiful property exudes the character and charm that exemplifies the era and its historic location. Guests are greeted by a Spanish Colonial designed grand entrance with arched windows and painted beamed ceilings. A mezzanine looks down into the lobby, adding to its scale and character. The property consists of 82 tourist rooms and 12 residential rooms, there are an additional 5 rooms to be used at the owner’s discretion. All rooms have private baths with shower over tub, and kitchenettes with a sink and microwave. Many of the rooms have excellent San Francisco views. At lobby level is a dining area for guests to enjoy. Beneath the ground level is a large garage that can accommodate over 20 cars, providing an essential convenience for hotel employees and operations. At the western corner of the building is a separate commercial space that is currently operated as a grocery store. The store is leased on a month to month tenancy. The commercial space is approximately 3,300 square feet with high-ceilings and great light and would be well-suited to many different business types. The property has been maintained and upgraded to a high-standard. Recent improvements include 3-Phase Electric, new wiring to all rooms, copper supply lines throughout, elevator mechanical upgrades, sprinkler and fire monitoring system, and newer windows. Seldom will one find an asset that has been maintained to this standard. The foundation has been laid for a new owner to step in with a more aggressive management style and significantly increase occupancy and income.

Property Facts

Price $17,500,000
Price Per Room $176,768
Sale Type Investment
Cap Rate 9.94%
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 0.20 AC
Building Size 39,978 SF
No. Rooms 99
No. Stories 6
Year Built 1927
Corridor Interior

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 5 $150.00 -
Guest Room 94 $97.00 -
Walk Score ®
Walker's Paradise (99)
Transit Score ®
Rider's Paradise (100)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0282-012
Land Assessment
$366,843
Improvements Assessment
$811,437
Total Assessment
$1,178,280

zoning

Zoning Code RC4
RC4
  • Listing ID: 32630769

  • Date on Market: 7/30/2024

  • Last Updated:

  • Address: 975 Bush St, San Francisco, CA 94109

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}