The City and County of San Francisco will acquire 2280 Market Street for $11.62 million to establish an LGBTQ+ history museum operated by the GLBT Historical Society. The property includes two existing ground-floor retail tenants whose leases will continue until expiration, generating rental income to support museum operations. The acquisition aligns with the city’s efforts to enhance cultural institutions in the Castro district and preserve LGBTQ+ heritage. Future plans include interior renovations for museum spaces, with potential expansion upon expiration of current retail leases.
This acquisition secures a permanent space for an LGBTQ+ history museum, preserving and celebrating LGBTQ+ culture and history in San Francisco's historic Castro neighborhood. It also ensures long-term sustainability through rental income.