1480 Carroll Ave
7,500 SF for lease in San Francisco, CA.
General industrial (M-1) zoning gives an owner-user or tenant broad by-right use flexibility - production, distribution, repair, storage, and light manufacturing - in one of San Francisco's few remaining industrially zoned districts.
At 7,500 SF on a 0.17-acre lot, this is a small-bay industrial building - a footprint that has become increasingly scarce as San Francisco's industrial inventory has shrunk to residential and mixed-use conversion over the past decade.
Carroll Avenue sits in the Bayview-Hunters Point industrial corridor near the Third Street spine, giving quick truck access to Highway 101 and I-280 and proximity to the Port of San Francisco's Pier 80/94 marine terminals.
The property is a short distance from the Muni T-Third light rail line running along Third Street, supporting workforce commute access that is uncommon among comparable Bay Area industrial buildings.
Building specifications
Bayview - Hunters Point Industrial Corridor
1480 Carroll Avenue is located in San Francisco's Bayview district, the city's largest remaining concentration of industrially zoned land. The immediate area sits between the Third Street commercial spine and the India Basin/Hunters Point Shipyard waterfront, historically home to trucking, wholesale, auto repair, and light manufacturing users drawn by lower land costs and M-1 zoning relative to the rest of San Francisco.
The submarket benefits from direct truck routes to Highway 101 and I-280, rail-served industrial history along the Third Street corridor, and adjacency to the Port of San Francisco's southern waterfront facilities. Nearby, the long-running India Basin Waterfront Park redevelopment and the broader Hunters Point Shipyard master-planned community continue to bring public and private investment to the surrounding neighborhood, gradually reshaping the area's amenity base while core industrial-zoned parcels like this one remain in active commercial use.
San Francisco Industrial Market Posts Positive Absorption in Q2 2026
Citywide San Francisco industrial data (not specific to this address) shows the market recording positive net absorption of roughly 693,000 SF in the second quarter of 2026, with average asking rents at $29.65/SF and vacancy holding at approximately 12.5%, per CoStar data reported by Matthews Real Estate Investment Services. Annual rent growth was modest, near 1.0% year-over-year.
The report notes that well-located, functional buildings are leasing at a healthier pace than older, functionally obsolete stock, which continues to see extended marketing periods - a dynamic that favors smaller, well-positioned infill product such as this Bayview building over larger, dated warehouse space elsewhere in the city.
Source: Matthews Real Estate Investment Services / CoStar Group, San Francisco Industrial Market Report, Q2 2026
How we'd position this listing
1480 Carroll Ave offers a rare small-bay opportunity in a city where industrial-zoned inventory under 10,000 SF rarely comes to market. The M-1 designation and Bayview location give a lease prospect genuine operational flexibility - distribution, service, or light production - without competing against the office and lab conversions that have absorbed much of San Francisco's traditional industrial stock.
Citywide vacancy near 12.5% still favors tenants on larger blocks of space, but the positive absorption reported in Q2 2026 and the scarcity of functional small-bay product point to a tighter window for this size range specifically. Given the building's size and infill location, we'd expect the strongest interest from local trade, service, and distribution users who need San Francisco proximity over big-box specs.
Get rent roll detail, floor plans, and comparable sales for 1480 Carroll Ave.
Let's talk about 1480 Carroll Ave.
jida@lee-associates.com
Brendan Gallagher — (760) 846-1736
242 California St, San Francisco, CA 94111