Map of Property

The Redstone Building

For Sale

2924-2948 16th St, San Francisco, CA 94103

This San Francisco property for sale is located at 2924-2948 16th St. The general use of The Redstone Building is office and it incorporates 55,560 square feet of class B office space. The current listed sale price for The Redstone Building is $7,650,000. The Redstone Building is situated on a lot that is 0.31 acre in size.

Contacts

broker
James Kilpatrick

NAI Northern California

Property Details

  • Property Type Office - General Office
  • Property Size 55,560 SF
  • Lot Size 0.31 Acre
  • Additional Rent Contact for pricing
  • Building Class B
  • Year Built 1914
  • Date Updated Dec 10, 2024
The Redstone Building is located in the Mission District, a neighborhood in San Francisco, California with a population of 47,205, which offers an intersection of vibrant culture and socioeconomic diversity. Serving as a Latino cultural hub, the Mission is home to many restaurants, boutiques, and a rich art scene that includes the largest collection of murals in the city. Geographically, the Mission is part of the Eastern Neighborhoods along with SoMa, Showplace Square/Potrero Hill, and Central Waterfront.Lakeside Investment Company is pleased to present the Redstone Building (once known as the San Francisco Labor Temple) at 2924-2948 16th Street. This is a steel-framed three-story, low-rise office building with brick masonry and concrete facades. The building parcel measures 150 feet by 90 feet, with street frontage along 16th Street and Capp Street, and includes a gross building area of 55,560 sq ft. Current tenants include small offices, community organizations, artists and art spaces, and theaters. Restoring The Redstone Building as a thriving, modern workspace provides significant upside potential.Lakeside Investment Company is pleased to present the Redstone Building (once known as the San Francisco Labor Temple) at 2924-2948 16th Street. This is a steel-framed three-story, low-rise office building with brick masonry and concrete facades. The building parcel measures 150 feet by 90 feet, with street frontage along 16th Street and Capp Street, and includes a gross building area of 55,560 sq ft. Current tenants include small offices, community organizations, artists and art spaces, and theaters. Restoring The Redstone Building as a thriving, modern workspace provides significant upside potential.
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Highlights

  • Three-story building plus mezzanine and full basement
  • Beautiful 1914 construction; newer building added in 1939
  • San Francisco City Landmark No. 238 with historic architectural features: red brick masonry, concrete cornices, round arch tops with plaster keystone on the third floor windows, and decorative medallions between third floor windows
  • Located in the heart of the vibrant and bustling Mission District
  • Unmatched convenience next to BART, bus lines, popular restaurants, and trendy boutiques
  • Walk/Transit/Bike Scores of 99/98/99
  • Brand new 81-unit apartment complex next door: "Avanza 490"
  • $180/ft vs $463/ft; 60% discount for similar properties
  • Current rents average $16/SF with as-is market rent of $30/SF and top market rents of $80/SF
  • * denotes scheduled revenue post-rehab

Getting around

  • 99/100

    Walk Score ®

  • 94/100

    Transit Score ®

  • 100/100

    Bike Score ®

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Location

  • City San Francisco, CA
  • Neighborhood Inner Mission
  • Zip Code 94103
  • Market San Francisco

Points of Interest

  • 16th Street Mission

    0.07 miles

  • Taxi Stand at16th St Mission BART (southwest corner in front of Wells Fargo)

    0.12 miles

  • 18th Street & Guerrero Street

    0.38 miles

  • Market Street & Guerrero Street

    0.51 miles

  • Market Street & Laguna Street

    0.52 miles

  • Church Street & 16th Street

    0.57 miles

  • Market Street & Gough Street

    0.58 miles

  • 18th Street & Church Street

    0.59 miles

  • Church Street & Market Street

    0.59 miles

  • Church Street & 14th Street

    0.61 miles

  • Chevron

    0.07 miles

  • EVgo

    0.09 miles

  • Gas & Shop

    0.12 miles

  • Arco

    0.24 miles

  • Shell

    0.33 miles

  • 76

    0.62 miles

  • Volta HQ Charging Station

    0.93 miles

  • Castro Gas & Food Mart

    0.95 miles

  • Electrify America

    1.46 miles

  • Tesla Destination Charger

    1.51 miles

  • Hoff Street Garage

    0.15 miles

  • Zenanli Parking

    0.27 miles

  • Gus's Parking

    0.32 miles

  • Best Buy Parking

    0.41 miles

  • Enterprise Car Rental Parking

    0.49 miles

  • Costco Parking

    0.53 miles

  • Costco

    0.54 miles

  • Walgreens & Live Fit Gym Underground Parking Garage

    0.63 miles

  • Mission-Bartlett Garage

    0.64 miles

  • Metro @ Showplace Square Garage

    0.91 miles

  • Krishna Hotel

    0.10 miles

  • Union Hotel

    0.11 miles

  • Frances Hotel

    0.14 miles

  • Hotel Sunrise

    0.19 miles

  • Star Hotel

    0.23 miles

  • Prita Hotel

    0.34 miles

  • El Capitan Hotel

    0.42 miles

  • Travelodge

    0.51 miles

  • Edwardian Hotel

    0.59 miles

  • Parker Guest House

    0.60 miles

  • Foods Co

    0.20 miles

  • Rainbow Grocery Coop

    0.31 miles

  • Gus's Community Market

    0.32 miles

  • City Discount Meat & Grocery Market

    0.35 miles

  • Cash & Carry

    0.36 miles

  • Safeway

    0.51 miles

  • Whole Foods Market

    0.53 miles

  • Ross

    0.54 miles

  • Valencia Whole Foods

    0.59 miles

  • Trader Joe's

    0.70 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
James Kilpatrick

NAI Northern California