A Prominent Mission District Corner
Positioned at Mission and 21st Streets, 2489–2495 Mission Street is a fully leased mixed-use commercial asset combining ground-floor neighborhood retail with second-floor office space in one of San Francisco’s most established commercial corridors.
The approximately 14,780-square-foot building sits on an approximately 8,498-square-foot lot and features eight ground-floor retail spaces, second-floor office suites, and an approximately 9,000 square-foot undeveloped basement offering potential for future build-out, subject to purchaser investigation and applicable zoning, permitting, and governmental approvals.
AT THE CENTER OF VIBRANT MISSION DISTRICT
The property occupies a high-visibility corner along Mission Street’s principal commercial and transit corridor. The surrounding blocks draw consistent neighborhood, commuter, dining and entertainment activity.
Within approximately one block are destination venues including Foreign Cinema, Lolinda and its rooftop Bar Cubita Cubano, Arcana, and the Alamo Drafthouse Cinema. Two BART stations are within close proximity, reinforcing convenient access for customers, tenants and employees.
Diversified Retail + Professional Tenancy
The property offers a diverse mix of retail and professional tenants spanning food, personal services, neighborhood retail, insurance, legal, property services, and dental uses.
Ground-floor tenants include a barber shop, wireless retailer, restaurant, grocery and liquor store, jewelry shop, hair salon, insurance office, and tattoo parlor. Second-floor office tenants include property services, law offices, and a dental office.
Seven tenant groups have stated lease expirations extending from 2027 through 2031, while four retail tenants are currently month-to-month, creating a mix of longer-term lease stability and future flexibility.
Stable Income with Future Potential
The property is offered at $7,495,000, with current annual gross rent of $599,592 and net operating income of $417,805. Based on the current rent roll and pro forma expenses, the offering reflects a 5.57% cap rate and 12.50 GRM.
Key leases extend through 2028–2031, including Rockwell Property through July 2031, while the property’s diversified tenancy reduces reliance on any single business category. A large undeveloped basement may provide an additional value-creation opportunity, subject to purchaser investigation, zoning, permits, and other applicable governmental approvals.
