Mixed-Use Building in Prime
450 Grant Avenue San Francisco, CA 94108
450 Grant Avenue, San Francisco, CA, 94108
$5,200,000
For Sale
$5,200,000
Mixed-use building with retail, office, and residential units.
Property Size13,950 SF
Lot Size0.11 Acres
Price / SF$372.76
Days on Market215
Property Features for 450 Grant Avenue
General Information
- Standard status
- Active
- Size
- 13,950 SF
- Lot size
- 0.11 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1921
Listing Agency
MARCUS & MILLICHAP
(415) 963-3000
Listed by
NING H HO · License #(S):CA:01943903
Source
Corcoran
Added: Dec 14, 2025 Checked: Jul 17 at 3:34 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 MARCUS & MILLICHAP
Investment Insights
Based on property information with market context.
The property at 450-480 Grant Avenue, also known as 567 Pine Street, is a well-maintained three-story mixed-use corner building situated in a vibrant San Francisco location. Located at the gateway to Chinatown and near the Financial District, the property benefits from high visibility, prominent frontage, and consistent pedestrian traffic. It is directly across from Saint Mary's Square and within walking distance of Union Square, shopping, restaurants, hotels, and major transit lines. The building provides approximately 13,950 square feet of space on a 4,647 square-foot lot. The layout includes three ground floor retail units, three office suites on the middle level, and five renovated apartments on the top floor. A large garage with three parking spaces is also included. Currently, one retail space and one office suite are vacant. The property is zoned Chinatown Community Business (CCB) with the Assessor's Parcel Number (APN) 0270-016. This property offers an opportunity for businesses seeking a high-impact presence in a dynamic corridor.
Key Highlights
- Prime corner location at the gateway to Chinatown and steps from the Financial District.
- Mixed‑use building with three ground floor retail units, three office suites, and five renovated apartments.
- High visibility and continuous pedestrian traffic in a dynamic, high‑demand corridor.
Local Financial Insights For Apartment 5plus
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 | $878.9k | $63.00 |
| − Vacancy | −$55.4k | −$3.97 |
| EGI | $823.5k | $59.03 |
| − OpEx | −$370.6k | −$26.56 |
| NOI | $452.9k | $32.47 |
13,950 SF · lease $63.00/SF/yr · vacancy 6.30% · expense 45.00%
Alternative Uses
Best Use
Retail
$63.60M
$55.65M – $74.20M
NOI $4,451,815 @ 7.0% cap · market cap 85.61%
Second Best
Apartment 5plus
$6.47M
$5.66M – $7.55M
NOI $452,915 @ 7.0% cap · market cap 8.71%
Theoretical Best
Specialty Retail
$68.14M
$59.62M – $79.50M
NOI $4,769,801 @ 7.0% cap · market cap 91.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Nina Tang Insurance ...
Insurance Agency
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FAQs
What type of property is this?
Mixed-use property - Mixed-use building with retail, office, and residential units.
Where is this mixed-use property located?
The property is located at 450 Grant Avenue San Francisco, CA.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: Prime corner location at the gateway to Chinatown and steps from the Financial District.; Mixed‑use building with three ground floor retail units, three office suites, and five renovated apartments.; High visibility and continuous pedestrian traffic in a dynamic, high‑demand corridor.
