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Investment Highlights
- Exceptional transit-oriented location near Balboa Park BART and multiple Muni lines.
- Existing improvements include banquet hall, commercial kitchen, private offices, and parking.
- Opportunity to leverage state density bonus laws for increased unit counts and affordability incentives.
- Large 14,798 SF lot in a supply-constrained urban submarket with infill development demand.
- Zoning allows for flexibility with options for residential, institutional, or community reuses.
- Situated near retail corridors, higher-education institutions, and major City College campus.
Executive Summary
60 Onondaga Avenue offers a unique opportunity for investors, developers, or owner-users within San Francisco’s Mission Terrace neighborhood. Positioned on a desirable corner with frontage along Alemany Boulevard, the property combines a substantial land parcel and flexible zoning, making it ideal for a range of redevelopment or adaptive reuse possibilities. Zoning allows for neighborhood commercial uses and residential density consistent with housing initiatives and state laws offering density bonuses.
Benefiting from strong transit accessibility, the site is steps away from the Balboa Park BART station and major Muni lines, providing rapid connectivity to downtown San Francisco, the Peninsula, and regional job centers. Easy access to I-280 enhances its appeal for commuters and goods movement.
Currently improved as a cultural center and banquet facility, the property features a large hall with exposed wood beams, a commercial kitchen, bar areas, and on-site parking. This asset’s underlying land value combined with significant allowable density under SB-35 and SB-423 positions it to capture demand from San Francisco’s ongoing housing shortage. The surrounding area continues to experience infill development with numerous nearby multifamily projects underway, further supporting its long-term investment potential.
Benefiting from strong transit accessibility, the site is steps away from the Balboa Park BART station and major Muni lines, providing rapid connectivity to downtown San Francisco, the Peninsula, and regional job centers. Easy access to I-280 enhances its appeal for commuters and goods movement.
Currently improved as a cultural center and banquet facility, the property features a large hall with exposed wood beams, a commercial kitchen, bar areas, and on-site parking. This asset’s underlying land value combined with significant allowable density under SB-35 and SB-423 positions it to capture demand from San Francisco’s ongoing housing shortage. The surrounding area continues to experience infill development with numerous nearby multifamily projects underway, further supporting its long-term investment potential.
Property Facts
| Price | $4,187,310 CAD | Lot Size | 0.34 AC |
| Price Per SF | $536.90 CAD | Building Size | 7,799 SF |
| Sale Type | Investment | No. Stories | 1 |
| Sale Condition | Redevelopment Project | Year Built | 1979 |
| Property Type | Specialty | Parking Ratio | 1.03/1,000 SF |
| Property Subtype | Lodge/Meeting Hall | Opportunity Zone |
Yes
|
| Building Class | B | ||
| Zoning | NC3 | ||
| Price | $4,187,310 CAD |
| Price Per SF | $536.90 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Specialty |
| Property Subtype | Lodge/Meeting Hall |
| Building Class | B |
| Lot Size | 0.34 AC |
| Building Size | 7,799 SF |
| No. Stories | 1 |
| Year Built | 1979 |
| Parking Ratio | 1.03/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | NC3 |
Moderately walkable
70/100
Very drivable
80/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 6954-036 | Improvements Assessment | $1,122,572 CAD |
| Land Assessment | $254,216 CAD | Total Assessment | $1,563,698 CAD |
Property Taxes
Parcel Number
6954-036
Land Assessment
$254,216 CAD
Improvements Assessment
$1,122,572 CAD
Total Assessment
$1,563,698 CAD
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