Property Overview:
2976 Mission St is a mixed-use development opportunity in the Mission/Noe Valley/Bernal corridor of San Francisco, CA. The property is fully entitled for a newly constructed elevator building with 9 units:
- Seven 2-bedroom units
- One 1-bedroom unit
- One ground-floor commercial space
- Includes bike storage
The property spans 11,956 sq. ft. and is priced at $1,875,000 (~$581 per sq. ft.). Originally built in 1900, it is now ready for redevelopment.
Neighborhood Highlights:
- Population: Over 80,500 residents in the Mission neighborhood, with a growing demand for modern housing.
- Median Salary: Currently $166,000/year, with a projected 20% growth rate, aligning with the target demographic for modern, efficient living.
- Transportation:
- Close to 24th Street BART station (15 minutes to Civic Center, 20 minutes to Financial District).
- Corporate bus stops nearby for companies like Google, Apple, Facebook, Genentech, and EA.
- SF International Airport accessible in ~20 minutes via BART or Hwy 101.
- Walkability: Proximity to SF General Hospital and popular restaurants like Lolinda, Foreign Cinema, and La Taqueria.
Property Features:
- Mixed-use building with modern open-concept living.
- Fully entitled plans include:
- 7 two-bedroom units
- 1 one-bedroom unit
- 1 commercial space
- Bike storage
- Elevator building designed for modern efficiency.
- Ideal for Build & Sell or Build & Lease strategies.
Location Benefits:
- A+ location in a vibrant, commutable neighborhood.
- Surrounded by restaurants, amenities, and transit options.
- Perfect for professionals and commuters seeking modern housing in a prime San Francisco area.