The three-story building which Blondie’s Bar currently occupies at 540 Valencia Street in the Mission is on the market and listed for $2.1 million.
In addition to the ground-floor bar space for which Blondie’s is currently paying $6,363 per month in rent, the term for which has not been disclosed, the building includes a three-bedroom, two bath apartment on each of the two floors above.
One of the sellers, who appears to have inherited the building, currently occupies the 1,750-square-foot unit on the third floor. The second floor three-bedroom apartment is currently rented for $1,200 per month.
And as noted in the offering memorandum which alludes to upside potential, the site is zoned for development up to 55 feet in height.