Historic Red-Brick Office
For Sale
Contact for pricing
2924-2948 16th St, San Francisco, CA 94103
Fully leased historic office building with mezzanine and basement, substantially renovated with 69 suites for creative and small businesses.
Property Size55,560 SF
Price / SF$128.69
Days on Market97
Property Features for 2924-2948 16th St
General Information
Standard status
Active
Size
55,560 SF
Property subtype
OFFICE
Occupancy
100%
Additional Details
Public Transit
Yes
Office Units
69
Building Details
Year Built
1914
Buildings
1
Stories
3
Building Size
55,560 SF
Construction
brick
Tenancy
Multi
Listing Agency:
NAI Northern California
(510) 290-9647
Listed By:
Seth Hubbert · License #02158135
(510) 757-9929
Source:
Moodyscre
Added: Apr 28
Changed: Jul 29
Last Checked: Aug 1 at 2:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Northern California
Investment Insights
Based on property information with market context.
A historic 1914 red-brick office building with a 1939 addition, featuring arched windows, decorative cornices, and intricate plaster details. The property totals 55,560 SF across three stories, with a mezzanine and a full basement. A flexible layout provides 69 suites designed for creative and small business users.
Ownership has driven leasing momentum, with occupancy increasing from 26% to 100% in under two years. Substantial renovations and major upgrades position the building for ongoing rent growth, renewals, and operational improvement.
Located in San Francisco’s Mission District, the building is about one block from BART and surrounded by local institutions, celebrated restaurants, and creative businesses.
Ownership has driven leasing momentum, with occupancy increasing from 26% to 100% in under two years. Substantial renovations and major upgrades position the building for ongoing rent growth, renewals, and operational improvement.
Located in San Francisco’s Mission District, the building is about one block from BART and surrounded by local institutions, celebrated restaurants, and creative businesses.
Key Highlights
- Occupancy increased from 26% to 100% in under two years
- 55,560 SF three‑story office building with mezzanine and full basement
- 69 suites with flexible floorplan for creative and small business users
Property Analytics
Current Use
Lease Details
69
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
7,163
Businesses Nearby
Explore this area
Business Placement
Demographics for 94103, CA
37,843
Population
20,920
Households
1.8
Avg Household Size
37
Median Age
56%
College-Educated
88%
High-School Grad
1.4 sq mi
ZIP Area
27,031
Density / Sq Mi
$122,339
Median Household Income
$83,348
Median Earnings
$2,146
Median Rent
$1,057,600
Median Home Value
Market
Vacancy Rate% for Office in San Francisco, CA
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Frequently Asked Questions
What type of property is this?
Office building - Fully leased historic office building with mezzanine and basement, substantially renovated with 69 suites for creative and small businesses.
Where is this office building located?
The property is located at 2924-2948 16th St San Francisco, CA.
What is the asking price?
The asking price for this property is $7,150,000.
What are key features of this property?
This property features: Occupancy increased from 26% to 100% in under two years; 55,560 SF three‑story office building with mezzanine and full basement; 69 suites with flexible floorplan for creative and small business users
