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Listed by Eric M Chin Coldwell Banker Realty
$14,800,000
Est. payment /mo
23,576 SqFt
UPDATED:
10/15/2024 11:59 PM
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 23,576 sqft
Price per Sqft $627
MLS Listing ID 424069874
HOA Y/N No
Year Built 1924
Lot Size 0.370 Acres
Acres 0.3701
Property Description
$1.7m price drop, was asking $16.5m. Seller can work with a qualified buyer for a 1-2 year long close with a negotiable non-refundable deposit and carry a loan. Potential to increase the number of units if developed into low or affordable housing. Centrally located in WSOMA, this building complex is poised for a transformative redevelopment. After seven years of close collaboration between the owner, architect, the general public, and various city departments, the project is ready. It is time for a seasoned developer to bring the project to fruition and build much-needed housing in the City of San Francisco. The planned redevelopment envisions a striking 6-story building that preserves the historic front facade on 9th Street, seamlessly blending past and future. The property features a front building on 9th Street with a 50-foot frontage, a rear building on Dore Street with a 125-foot frontage, and spans a 16,000 SF lot with dual street access. The redevelopment plan includes 68 residential units, ground-level bike parking for around 74 spaces, and a 2000-square-foot commercial retail space. The unit mix comprises 15 studios, 25 one-bedroom units, and 28 two-bedroom units, with a design that integrates open space to enhance living quality. This project honors the building's
Location
State CA
County San Francisco
Area Sf District 9
Interior
Fireplace No
Building
Story 2
New Construction No
Others
Tax ID 3518002
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Rebecca Brooks
San Francisco Bay Area Team Leader | License ID: 1249870
San Francisco Bay Area Team Leader License ID: 1249870