Vacant Mixed-Use Building with Development
2976 Mission Street San Francisco, CA 94110
2976 Mission Street, San Francisco, CA, 94110
$1,500,000
For Sale
$1,500,000
Ready-to-use 4-unit building with development potential near 24th Street.
Property Size3,490 SF
Lot Size0.07 Acres
Price / SF$429.80
Days on Market265
Property Features for 2976 Mission Street
General Information
- Standard status
- Active
- Size
- 3,490 SF
- Lot size
- 0.07 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing Agency
COMPASS
(415) 660-9955
Listed by
CAROL REEN · License #01820082
Source
Corcoran
Added: Oct 29, 2025 Checked: Jul 19 at 4:01 am
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 COMPASS
Investment Insights
Based on property information with market context.
This vacant, ready-to-use 4-unit mixed-use building features two residential units above and two commercial spaces on the ground floor. One of the commercial spaces was formerly used as a check cashing location, and the other is a restaurant space outfitted with a Type 1 hood. The upper residential spaces are freshly painted and feature new flooring and updated kitchen areas. The building also includes a separate garage with space for two vehicles. The 3,490 square foot property is located in proximity to the 24th Street BART station and within walking distance of San Francisco General Hospital, as well as restaurants. The location provides access to Civic Center in approximately 15 minutes and the Financial District in approximately 20 minutes via the 24th Street BART Station. Corporate bus stops along Mission Street for companies such as Google, Apple, Genentech, Facebook, and EA provide commuter access to the Peninsula and South Bay. San Francisco International Airport is approximately 20 minutes away via BART or Highway 101. The parcel is ready to build and shovel ready for 9 condos. SBA loans are attainable for owner users.
Key Highlights
- Shovel‑ready parcel approved for building 9 condos (no BMRs).
- Vacant 4‑unit mixed‑use building (2 residential, 2 commercial) ready for immediate occupancy.
- Restaurant space is outfitted with a Type 1 hood and ready for use.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $178.0k | $51.00 |
| − Vacancy | −$10.6k | −$3.05 |
| EGI | $167.3k | $47.95 |
| − OpEx | −$50.2k | −$14.39 |
| NOI | $117.1k | $33.57 |
3,490 SF · lease $51.00/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$17.05M
$14.92M – $19.89M
NOI $1,193,305 @ 7.0% cap · market cap 79.55%
Second Best
Multifamily LT 5
$1.67M
$1.46M – $1.95M
NOI $117,142 @ 7.0% cap · market cap 7.81%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
El Rinconcito Catracho ...
Restaurant
Nanis restaurant
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Ready-to-use 4-unit building with development potential near 24th Street.
Where is this mixed-use property located?
The property is located at 2976 Mission Street San Francisco, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Shovel‑ready parcel approved for building 9 condos (no BMRs).; Vacant 4‑unit mixed‑use building (2 residential, 2 commercial) ready for immediate occupancy.; Restaurant space is outfitted with a Type 1 hood and ready for use.
