2924-2948 16Th St San Francisco, CA 94103
Three-story office building in San Francisco's vibrant Mission District.
Building Details
- Year built
- 1914
Source:
Naiglobal
Listing Agent: Seth Hubbert
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Historic Redstone Building in Mission
The Redstone Building, formerly known as the San Francisco Labor Temple, is a three-story, steel-framed office building featuring brick masonry and concrete facades. Constructed in 1914 with a newer addition in 1939, this San Francisco City Landmark (No. 238) showcases historic architectural features, including red brick masonry, concrete cornices, round arch tops with plaster keystones on the third-floor windows, and decorative medallions between the third-floor windows. The building includes a mezzanine and full basement. The property, situated on a parcel measuring 150 feet by 90 feet, has street frontage along 16th Street and Capp Street, encompassing a gross building area of 55,560 square feet. Located in the heart of the Mission District, the building is near BART, bus lines, restaurants, and boutiques. It boasts Walk, Transit, and Bike Scores of 99, 98, and 99, respectively. Current tenants include small offices, community organizations, artists and art spaces, and theaters. A new 81-unit apartment complex, "Avanza 490", is located next door. Current rents average $16 per square foot, with an as-is market rent of $30 per square foot and top market rents of $80 per square foot.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- San Francisco
- County
- San Mateo
- State
- California
- Longitude
- -122.418239
- Latitude
- 37.765372
Nearby Similar for Lease
FAQs
What type of property is this?
Office building - Three-story office building in San Francisco's vibrant Mission District.
Where is this office building located?
The property is located at 2924-2948 16Th St San Francisco, CA.
What is the lease rate?
The lease rate is $19 SF/Yr.
What are key features of this property?
This property features: - Significant value-add opportunity: Current rents at $16/SF vs. as-is market rent of $30/SF and top market rents of $80/SF, representing substantial revenue upside.; - Prime Mission District location: Situated in the heart of the vibrant Mission District, known for its culture, arts, restaurants, and boutiques.; - Exceptional transit access: Located just one block from BART with Walk/Transit/Bike Scores of 99/98/99.
