2976 Mission StSan Francisco, CA 94110
- Retail properties
- 3,490 SF
Property Details for 2976 Mission St
- Year built
- 1900
- Construction
- WOOD
- Lot size
- 0.07 AC
- Property size (Sq ft)
- 3,490 SF
- Zone code
- NC3
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 6529 -007A
- APU
- 6529007A
Description
This fully entitled redevelopment project in San Francisco's Mission District offers an exceptional investment opportunity. The approved plans encompass a 9-unit building (7 two-bedroom, 1 one-bedroom), bike storage, and a ground-floor commercial space, totaling 11,956 square feet on a 3,227 square foot lot. Located at 2976 Mission St, this prime location boasts proximity to the 24th Street BART station, SF General Hospital, and numerous popular restaurants and shops. The project benefits from convenient access to major tech companies' shuttle stops and easy commutes to downtown San Francisco, the Peninsula, South Bay, and San Francisco International Airport. With a $1,875,000 asking price ($156.83/sq ft), this project represents a streamlined path to building and selling or leasing, eliminating the seven years of entitlement work already completed by the previous owners. The NC3 zoning ensures compliance and future development potential. This is a turnkey opportunity to capitalize on the high demand for housing and commercial space in this thriving San Francisco neighborhood. The project's design caters to the area's demographic, with modern, efficient living spaces in a highly desirable location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,375,427
- 6.5%
- $1,269,625
- 7%
- $1,178,938
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,674,063
- Geo Method
- $2,452,958
-
Alternative Use
- Use
- Valuation
- Residential
- $1,070,976
- Hospitality
- $981,009
- Educational
- $816,188
- Medical
- $844,258
- Retail
- $1,269,625
Location Insight
- City
- San Francisco
- County
- San Francisco
- State
- California
- Latitude
- 37.7493
- Longitude
- -122.419
- 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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