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7,474 Acres Lot
$ 8,800,000
Est. payment | /mo
7,474 Acres Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 425088880
HOA Y/N No
Year Built 1951
Lot Size 7474.000 Acres
Acres 0.1716
Property Sub-Type Mixed Use
Source San Francisco MLS
Property Description
RARE mix use multifamily development opportunity in San Francisco! Located on a highly visible corner lot, this commercial building offers a special development opportunity in the Mission District. Currently home to a long-established automotive service center, the property benefits from excellent exposure with wide frontages along both streets, strong traffic flow. Total unit count:43 approved units, 12 studios, 13-1bd/1ba, 10-2bd/1ba & 7-2bd/2ba units and 1-588 GSF commercial corner unit offering additional income opportunity. Total sq footage for the whole building: 35,543 GSF (per SF Planning Code Gross Building Area (includes partial basement). Residential sq footage:29,574 GSF (includes residential circulation; excludes utility spaces) Roof deck sq ft:Common: 2,059 GSF Private: 268 GSF Separate sq footage for the commercial space broken down: 588 GSF # of stories: 7 over basement. Please note 7th floor includes roof deck, interior circulation and common amenity spaces, but no units. Due to common amenity space, this is considered a story. Total BMR unit count:5 on-site BMRs required. To add more information for the State Density Bonus. If a buyer wanted to go to max 100% bonus, that would mean an 8-story, 56-unit building with 45,424 GSF of residential (excludes ground floor commercial and entire basement). That building would require (10) BMRs though; compared to (5) BMRs for a 50% bonus project (current Site Permit). To qualify for this 100% bonus, the project would need to provide 15% of base units (28) at 50% AMI and 15% at 120% AMI. That would equate to 5 units at 50% AMI and 5 units at 120% AMI out of a total of 56 units. If you just settled for one step down on the bonus chart (96.25%), it would reduce to 4 units at 120% AMI, but still would require 5 units at 50% AMI. Surrounded by residential homes and thriving local businesses, this location is ideally positioned for a dream development opportunity! Please note: all areas final counts subject to change and are approximate
Location
State CA
County San Francisco
Area Sf District 9
Interior
Flooring Concrete Slab
Exterior
Water Access Desc Public
Roof Type Flat
Topography Level
Road Frontage City Street, Alley
Building
Lot Description Sidewalk
Foundation Concrete
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 6526-012
Special Listing Condition None
Listed by GUIDE Real Estate