San Francisco Mayor Ed Lee made the announcement on Twitter this morning about the Aug. 14 concert after McCartney added the Candlestick venue to his Out There 2014 tour.
According to a news release from McCartney's website, the newly added show will be titled "Farewell to Candlestick: The Final Concert."
The McCartney show promises lasers, fireworks and massive screens to accompany the former Beatle.
Tickets for the newly announced date will be on sale for the general public May 5 at 10 a.m.
Fittingly, the Beatles' final concert was held at Candlestick Park on August 29, 1966.
The stadium was built in 1960.
McCartney also played at last summer's Outside Lands Music and Arts Festival in Golden Gate Park.
Candlestick Park is scheduled to be demolished sometime at the end of this year or early next year to make way for San Francisco-based developer Lennar Urban's plans for a mixed-use housing and commercial development on the site.
The San Francisco 49ers, who have played at Candlestick since 1971, are moving to the new $1.2 billion Levi's Stadium in Santa Clara for the upcoming NFL season.
The first home game at the new stadium is scheduled for mid-August in a preseason match-up against the Denver Broncos.
Levi's Stadium will host the 49ers' first regular season game on Sept. 14 against the Chicago Bears, following the team's season opener in Dallas on Sept. 7.
The final game to ever be played at Candlestick will be held on July 12 with 49er favorites Joe Montana, Jerry Rice, Roger Craig and Dwight Clark taking on NFL Hall of Famer Dan Marino from the Miami Dolphins and other all-stars in a "Legends of Candlestick" flag football game.
Ahead of the legends' game, San Francisco police will take on the city's Fire Department.
The game is part of the city's Recreation and Park Department's "Last Summer at the Stick" series.
Tickets for the all-star flag football game will be available starting May 10 at ticketmaster.com. Tickets range from $30 to $50.