2499 Mission St, San Francisco, CA 94110

Property Description

Rare opportunity to acquire a fully leased mixed-use commercial investment at the high-visibility corner of Mission and 21st Streets, in the heart of San Francisco's vibrant Mission District. The approximately 14,780 sq. ft. building features eight ground-floor retail spaces and second-floor professional offices, with a diverse tenant mix spanning restaurant, grocery and liquor, wireless, barber, hair salon, jewelry, tattoo, insurance, legal, dental and property services. Key leases extend through 2028-2031, providing stable income with diversification across numerous business categories. An approximately 9,000 sq. ft. undeveloped basement offers exceptional potential for future build-out or value creation, subject to buyer investigation and all applicable zoning, permitting and governmental approvals. Additional features include private restrooms in each retail space, two common office restrooms, 11 electrical meters and separately metered utilities for retail tenants. Located along one of the city's most established commercial and transit corridors, near BART and popular destinations including Foreign Cinema, Lolinda, Arcana and Alamo Drafthouse. Offered with net operating income of $429,605, a stated 6.61% cap rate and 10.83 GRM. Buyer to independently verify all information.