Commercial Development
For Sale
Contact for pricing
86 Golden Gate Avenue, San Francisco, CA 94102
C-3-G-zoned property supports redevelopment planning alongside an existing historic building and downtown adaptive-reuse incentives.
Property Size11,180 SF
Price / SF$268.34
Days on Market93
Property Features for 86 Golden Gate Avenue
General Information
Standard status
Active
Size
11,180 SF
Property subtype
Retail, Multifamily, Land
Zoning
C-3-G (Downtown General)
Investment Type
Redevelopment
Building Details
Year Built
1918
Listing Agency:
The Corcoran Group
Listed By:
Rachna Gandhi · License #0204779
(650) 339-6818
Source:
Crexi
Added: Jul 16
Changed: Oct 14
Last Checked: Oct 14 at 10:17PM
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 The Corcoran Group
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Investment Insights
Based on property information with market context.
86 Golden Gate Avenue comprises an approximately 4,726 SF development site within San Francisco’s C-3-G (Downtown General) zoning district. Development parameters include a 120-foot height limit, form-based residential density without a fixed unit cap, and individual units of up to 4,000 SF. A ground-floor retail component is not required for the residential program.
The property also contains an approximately 11,180 SF Category A historic building constructed in 1918. Facade retention is required, creating an alternative path centered on renovation and repositioning for retail, creative office, or institutional use. The property participates in San Francisco’s Downtown Adaptive Reuse Program and Revitalization Financing District, which provide fee waivers and incentive payments for qualifying downtown residential projects.
Transit access includes a location two blocks from Civic Center / UN Plaza station, served by BART and Muni Metro, with Market Street rapid transit, UN Plaza, and Union Square within walking distance. Potential assemblage with 64 Golden Gate Avenue is also identified.
The property also contains an approximately 11,180 SF Category A historic building constructed in 1918. Facade retention is required, creating an alternative path centered on renovation and repositioning for retail, creative office, or institutional use. The property participates in San Francisco’s Downtown Adaptive Reuse Program and Revitalization Financing District, which provide fee waivers and incentive payments for qualifying downtown residential projects.
Transit access includes a location two blocks from Civic Center / UN Plaza station, served by BART and Muni Metro, with Market Street rapid transit, UN Plaza, and Union Square within walking distance. Potential assemblage with 64 Golden Gate Avenue is also identified.
Key Highlights
- Approximately 4,726 SF development site with a 120‑foot height limit
- C‑3‑G (Downtown General) zoning with form‑based residential density and no fixed unit cap
- Units may reach up to 4,000 SF; ground‑floor retail is not required
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$249,454
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,989,080
$5.0M
Cap Rate 7%
$3,563,629
$3.6M
Cap Rate 9%
$2,771,711
$2.8M
Market Conditions
NOI Build-Up for 11,180 SF
Gross rent
$469.6K $42.00/SF
− Vacancy
−$70.4K −$6.30/SF
EGI
$399.1K $35.70/SF
− OpEx
−$149.7K −$13.39/SF
NOI
$249.5K $22.31/SF
Area
San Francisco, CA
Vacancy
15.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,989,080
Cap Rate 7%
$3,563,629
Cap Rate 9%
$2,771,711
Alternative Uses
Best Use
Retail
$50.97M
$44.60M – $59.46M
NOI $3,567,834 @ 7.0% cap · market cap 118.93%
Second Best
Mixed Use
$3.56M
$3.12M – $4.16M
NOI $249,454 @ 7.0% cap · market cap 8.32%
Theoretical Best
Specialty Retail
$54.61M
$47.78M – $63.71M
NOI $3,822,680 @ 7.0% cap · market cap 127.42%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
19,172
Businesses Nearby
54k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Hotels & Casinos 29%
Dining 19%
Shell
Shops & Services
13,361 visits/mo
0.4 miles
Wells Fargo
Shops & Services
8,374 visits/mo
0.2 miles
The Melt
Dining
7,839 visits/mo
0.4 miles
Courtyard by Marriott San Francisco Downtown/Van Ness Ave.
Hotels & Casinos
5,529 visits/mo
0.4 miles
Avis Budget Car Rental
Shops & Services
4,472 visits/mo
0.4 miles
Demographics for 94102, CA
39,432
Population
23,153
Households
1.7
Avg Household Size
40
Median Age
42%
College-Educated
81%
High-School Grad
0.7 sq mi
ZIP Area
56,331
Density / Sq Mi
$64,781
Median Household Income
$55,873
Median Earnings
$1,517
Median Rent
$996,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in San Francisco, CA
Frequently Asked Questions
What type of property is this?
Commercial land - C-3-G-zoned property supports redevelopment planning alongside an existing historic building and downtown adaptive-reuse incentives.
Where is this commercial land located?
The property is located at 86 Golden Gate Avenue San Francisco, CA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Approximately 4,726 SF development site with a 120‑foot height limit; C‑3‑G (Downtown General) zoning with form‑based residential density and no fixed unit cap; Units may reach up to 4,000 SF; ground‑floor retail is not required
