1515-1521 Griffith St

 

FOR SALE · SAN FRANCISCO

1515-1521 Griffith St

San Francisco, CA
Sale Price
Contact broker for pricing — the individual 1515 Griffith St parcel was previously marketed at $4,650,000
Lease Rate
Contact broker for details
Size
Lot 13,326 SF
1515-1521 Griffith St, San Francisco, CA
Building Size
11,916 SF combined improvements (1515 & 1521 Griffith St)
Lot Size
13,326 SF (two contiguous parcels)
Year Built
Contact broker for details
Zoning
M-1 / PDR (Production, Distribution & Repair) — San Francisco Bayview industrial district
01 — WHY THIS PROPERTY

Lot 13,326 SF for sale in San Francisco, CA.

01
PDR Zoning Flexibility

Zoned M-1/PDR, the site accommodates a wide range of industrial, distribution, repair, and light-manufacturing uses, giving an owner-user or investor room to reposition the improvements without a rezoning.

02
Two-Parcel Assemblage

1515 and 1521 Griffith St trade together as contiguous lots totaling 13,326 SF, offering scale that's difficult to find as single-parcel PDR sites in San Francisco continue to get subdivided or converted.

03
Bayview Industrial Triangle Location

The property sits within San Francisco's historic Bayview Industrial Triangle just west of Third St, one of the city's few remaining concentrations of PDR-zoned parcels close to the urban core.

04
Transit and Freeway Proximity

Positioned near the Muni T-Third light rail line with reasonably direct access to Highway 101 and I-280, plus proximity to the Port of San Francisco — practical connectivity for distribution, service, or trade-focused users.

02 — PROPERTY DETAIL

Building specifications

Total Building
11,916 SF combined improvements (1515 & 1521 Griffith St)
Lot Size
13,326 SF (two contiguous parcels)
Year Built
Contact broker for details
Construction
Contact broker for details
Clear Height
Contact broker for details
Loading
Contact broker for details
Power
Contact broker for details
Fire Protection
Contact broker for details
Parking
Contact broker for details
Zoning
M-1 / PDR (Production, Distribution & Repair) — San Francisco Bayview industrial district
03 — THE AREA

Bayview Industrial Corridor — Southeast San Francisco

Griffith St runs through San Francisco's Bayview district, a longstanding PDR (Production, Distribution & Repair) zone anchored by the Third Street commercial corridor and served by the Muni T-Third light rail line. The immediate area includes established industrial parks (including the nearby Bayview Industrial Park complex on Griffith St itself) alongside auto repair, distribution, and light manufacturing users, with reasonably direct access to Highway 101, I-280, and the Port of San Francisco for regional distribution.

The surrounding blocks are in transition: the city has been actively redeveloping the adjacent Hunters Point Shipyard and India Basin waterfront into new housing and parkland — including the India Basin Waterfront Park, which opened in 2024, and a planned expansion of shipyard open space to roughly 26 acres. That redevelopment is steadily converting nearby land to residential and park use, which tends to tighten the pool of remaining PDR-zoned industrial parcels like this one rather than expand it.

04 — IN THE MARKET

Bayview Waterfront Redevelopment Continues to Reshape the Industrial District Around Third Street

Local News

San Francisco has been converting large swaths of the historically industrial Hunters Point Shipyard and India Basin waterfront — both within a short distance of Griffith St — into housing and public open space. Hunters Point Shipyard's Phase 1 currently includes 767 housing units and 13.5 acres of parks, with the city and the Arts Commission set to jointly manage an expansion to roughly 26 acres of parkland, according to reporting in May 2026.

This is broader Bayview-area context rather than news specific to 1515-1521 Griffith St; no recent transaction or listing news tied directly to this address was found in public sources. The relevant takeaway for this site is citywide: as adjacent parcels convert to residential and park use, San Francisco's remaining PDR-zoned industrial land — including sites like this one — becomes an increasingly scarce category, a dynamic worth confirming with current SF Planning records before assuming any specific entitlement outcome.

Market Snapshot
12.1%
Citywide San Francisco industrial vacancy, per IPG San Francisco Industrial Market Overview (data through Q2 2024, the most recent published citywide figure located) — logistics space alone was notably tighter at 7.2% vacancy.
~$28.00/SF
Average asking rent across San Francisco industrial product, IPG SF Industrial Market Overview (Q2 2024 data); rents were roughly flat year-over-year (-0.5%) even as flex space vacancy ran higher (21.8%).
26 acres (planned)
Combined public open space planned at Hunters Point Shipyard, up from 13.5 acres in Phase 1, per SFist (May 2026) — illustrative of the pace at which adjacent land is converting away from industrial use.

Source: SFist, "Hunters Point Shipyard to Get 26 Acres of New Parks" (May 2026); Trust for Public Land / Bay Nature coverage of India Basin Waterfront Park (2024)

05 — OUR TAKE

How we'd position this listing

This is a small-scale but genuine PDR assemblage in a submarket where that zoning is becoming harder to find intact — two contiguous Griffith St parcels totaling 13,326 SF with roughly 11,916 SF of existing improvements. Public records don't surface detailed building specs (year built, construction type, clear height, power), so a buyer evaluating an owner-user or redevelopment play should request the full spec sheet and a current condition assessment directly from the listing broker rather than relying on assessor data.

Citywide San Francisco industrial vacancy has sat in the low-double-digits range (around 12% as of the most recent data available), but that figure is weighted heavily by oversupplied flex/lab space rather than tight, land-constrained PDR pockets like Bayview. With the Hunters Point Shipyard and India Basin redevelopment actively converting adjacent industrial land to housing and parks, sites that retain PDR zoning and buildable lot area — like this one — sit in a category with structurally limited future supply. Pricing on this specific offering should be confirmed directly with the broker, since it appears to have been pulled from active LoopNet marketing.

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Jeffrey Ida — (415) 828-7679
jida@lee-associates.com
Brendan Gallagher — (760) 846-1736
Lee & Associates — San Francisco
242 California St, San Francisco, CA 94111
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