3284 Mission Street, San Francisco, CA 94110

Property Description

3284 Mission Street (the Property) is a four-unit mixed-use asset built in 1906, situated on a 0.18-acre lot along the Mission Street commercial corridor. The Property is comprised of two ground-floor retail tenants, a barbershop and a cafe, and two residential units above that are currently vacant. The Property's configuration offers a new owner flexibility: stabilize and reposition the existing improvements, or pursue a larger redevelopment play on a site that is increasingly scarce in this part of San Francisco. The Property presents a compelling value-add opportunity. With the residential units delivered vacant, a new owner can renovate and lease them at today's market rents without relocation costs or tenant-protection constraints, while the in-place retail tenants provide immediate corridor activation and income. For the developer-minded buyer, the site offers significant redevelopment potential. The existing structure is well-suited to demolition and replacement with a new apartment building, a mixed-use project that retains ground-floor retail, or a condominium project, subject to entitlement and zoning review. The Property's location on Mission Street places it within walking distance of the shops, restaurants, and services of the surrounding neighborhoods and directly on a major bus corridor. The address carries a CoStar Pedestrian score of 90 and an Exceptionally Friendly designation, with Transit and Cycling scores of 80, both rated Very Friendly, connecting residents to Downtown San Francisco without a car.