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2940 16th St SF CA 94103 San Francisco, CA 94103

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For Sale
$7,497,000

Fully leased building with significant rent upside in vibrant Mission.

Type:Office
Added:
Sep 16, 2025
Days on Market:
198
Last Refresh:
Mar 17 at 1:14 pm

Property Features for 2940 16th St SF CA 94103

General Information

Standard status
Active
Property subtype
Office

Building Details

Year Built
1914

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Listing Contact
James Kilpatrick
James Kilpatrick

Listing agent James Kilpatrick License #CA 01277022

Listing office NAI Northern California

Listing date Sep 16, 2025

Source Crexi

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


Overview

Mission District Leased Investment Opportunity

This fully leased property in the Mission District presents a compelling investment opportunity. Interior unit upgrades include new flooring, lighting, plumbing fixtures, and paint in the vacant units, along with the preservation or restoration of one of the five former theater units. Energy-efficient wall heaters replaced older models. Building systems and common areas have been updated with an elevator upgrade, new plumbing fixtures and shut-off valves, motion-sensor LED lighting, and fresh paint throughout, while preserving historic murals. Security and access enhancements feature security cameras on all floors and app-based/code-entry access for units and the building, along with a replaced rear gate and fencing. Basement waterproofing and drainage upgrades have been completed, including sump pump replacements. The building includes an unfinished basement level totaling 8,690 SF, offering future potential for additional income. Significant rent upside exists, with current in-place rents averaging approximately $22/SF compared to market rents averaging $39/SF.
Location Intelligence

Current Use by Public Records

San Francisco Living ... Advocacy Group Redstone Labor Temple ... Association Or Organization Kraken Creative Studios (Bike/Boat/Book/etc) Store United Taxicab Workers-CWA Courier Service Carsy Car Dealership

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
San Francisco
County
San Mateo
State
California
Longitude
-122.418239
Latitude
37.765372

FAQs

What type of property is this?
Office building - Fully leased building with significant rent upside in vibrant Mission.
Where is this office building located?
The property is located at 2940 16th St SF CA 94103 San Francisco, CA.
What is the asking price?
The asking price for this property is $7,497,000.
What are key features of this property?
This property features: Significant Rent Upside: In‑place rents at $22/SF vs. market rents at $39/SF.; Massive Value Upside: Offered at $153/SF, a compelling price relative to comparable properties.; Future Value Potential: 8,690 SF unfinished basement for additional income potential.
More about this property
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