2940 16Th StSan Francisco, CA 94103
- Office properties
- 55,560 SF
Property Details for 2940 16Th St
- Year built
- 1914
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.31 AC
- Property size (Sq ft)
- 55,560 SF
- Zone code
- CM
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 3553 -014
- APU
- 3553014
Description
The Redstone Building, located at 2924-2948 16th Street in San Francisco's vibrant Mission District, offers 55,560 square feet of prime office space. This three-story, steel-framed building features captivating brick and concrete facades, situated on a 150' x 90' lot with prominent street frontage on both 16th and Capp Streets. The property boasts 11 available spaces ranging from 316 to 8,690 square feet, suitable for a variety of tenants, from small offices to larger organizations. The building is conveniently located within a one-minute walk of BART, providing excellent public transit access. The majority of units are ADA accessible. Security features include secure doors and locks. Many spaces have been recently renovated, blending modern amenities with the building's historic charm. The Redstone Building has a rich history as a home to nonprofits, art centers, and organizations focused on social change, fostering a unique and collaborative community environment. The building's location within Google's San Francisco centroid ensures high online visibility. Responsive management ensures a smooth leasing experience. This is a rare opportunity to lease space in a historically significant and conveniently located building within a thriving and diverse community.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $14,895,569
- 6.5%
- $13,749,756
- 7%
- $12,767,631
-
Comparable approach
- Method
- Valuation
- Relative Method
- $10,575,672
- Geo Method
- $15,496,240
-
Alternative Use
- Use
- Valuation
- Residential
- $17,049,698
- Hospitality
- $15,617,432
- Educational
- $12,993,520
- Medical
- $13,440,387
- Retail
- $20,212,142
Location Insight
- City
- San Francisco
- County
- San Francisco
- State
- California
- Latitude
- 37.7654
- Longitude
- -122.418
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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