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Investment Highlights

  • Rare retail/warehouse in a dense, transit-rich urban neighborhood
  • Potential 5 story mid rise development envelope avoids high rise structural costs and accelerates entitlement timelines
  • Transit rich location in Lower Nob Hill with strong renter demand and walkability. Close to Muni lines and proximity to BART
  • High density RC 4 zoning supporting multifamily development with ground floor commercial
  • 22–30 market rate units (or 28–40 units with density bonus programs)
  • Strong demand for studios and 1BR units

Executive Summary

9934 Larkin Street delivers a rare street-front retail and warehouse opportunity in the heart of Lower Nob Hill. The property combines high-visibility retail frontage, a 12'-ceiling warehouse with full basement for production or fulfillment, and strong foot traffic from dense surrounding housing and neighborhood retail. With limited small-bay commercial/industrial supply in the urban core, the site offers owner-users and investors a flexible retail-plus-operations platform.
Short Term Tenant Lease, Warehouse, Office and basement delivered vacant
With limited small-bay commercial/industrial inventory remaining in the urban core, 934 Larkin stands out as a flexible retail-plus-operations opportunity for owner-users or investors looking to modernize, activate, or reconfigure a centrally located mixed-use building.
Under RC-4 zoning, 934 Larkin Street presents a straightforward path to a new 5-story mixed-use development, allowing a future owner to replace the existing improvements with a modern mid-rise residential building over active ground-floor commercial space.
The zoning supports high-density multifamily, making the site well-suited for a newly constructed project that delivers efficient residential floors above a strong retail presence in a transit-rich, walkable corridor.
The district is designed for mid-rise housing, typically supporting projects in the 5- to 8-story range depending on the height district, bulk limits, and any applicable overlays.
Residential uses are permitted above the first floor, commercial uses are allowed at street level, and the zoning provides flexibility for a full redevelopment that replaces the existing structure with a modern mixed-use building.
All final development capacity—height, unit count, and massing—must be verified through the San Francisco Planning Code and parcel-specific height district maps, but RC-4 clearly enables a ground-up residential-forward project with active commercial frontage.
The development timeline for a 5 story mixed use project at 934 Larkin Street is 24–36 months from acquisition to construction start, with 18–24 months of construction. The entitlement path is predictable, low risk, and code compliant, supported by strong micro market fundamentals and a clean mid rise massing strategy.

Property Facts

Sale Type
Owner User
Property Type
Retail
Property Subtype
Convenience Store
Building Size
9,450 SF
Building Class
B
Year Built
1914
Price
$1,895,000
Price Per SF
$200.53
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.16
Lot Size
0.10 AC
Zoning
RC4 - RC-4 zoning
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Moderately bikeable
60/100

Nearby Major Retailers

24 Hour Fitness
Starbucks
Red Robin Gourmet Burgers And Brews
The Halal Guys
Citi
Chase Bank
Trader Joe's
Edeka
Philz's Coffee
bb.q Chicken

Property Taxes

Property Taxes

Parcel Number
0302-017
Land Assessment
$693,661
Improvements Assessment
$504,231
Total Assessment
$1,197,892
  • Listing ID: 39147513

  • Date on Market: 1/20/2026

  • Last Updated:

  • Address: 934 Larkin St, San Francisco, CA 94109

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