The Redstone Building for Sale | Fully leased | $7,150,000

NAI Northern California 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. Restoration efforts have revitalized The Redstone Building into a vibrant, modern workspace, positioning new ownership to benefit from a stabilized asset with continued upside potential.

Fully Leased: Occupancy has grown from 26% to 100% in under two years, driven by hands-on ownership, strategic renovations, and proactive management and leasing execution.

Upgraded & Positioned for Growth: Substantially renovated under current ownership major upgrades complete, allowing future ownership to focus on rent growth, renewals, and operational upside.

Landmark Architecture: Historic 1914 red-brick building with a 1939 addition, featuring arched windows, decorative cornices, and intricate plaster detailing; officially designated San Francisco Landmark No. 238, with deep roots in the local community and enduring cultural significance.

Flexible Floorplan: Three-story structure with mezzanine and full basement, totaling 55,560 SF across 69 suites ranging from 92 to 8,690 SF, ideal for creative and small business users.

Prime Mission District Location: 1 block from BART and surrounded by local institutions, celebrated restaurants, and creative business.