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- LoopNet Team
989 Post St
San Francisco, CA 94109
Land For Sale
·
0.18 AC
INVESTMENT HIGHLIGHTS
- RC-4: High Density Residential/Commercial development site
- Vacant possession upon closing
- Corner parcel with two street frontages
PROPERTY FACTS
| Property Type | Land | Proposed Use | Multifamily |
| Property Subtype | Industrial | Total Lot Size | 0.18 AC |
| Zoning | RC-4 - RC-4: High Density Residential/Commercial with 80' height limit. The North of Market Residential Special Use District allows 1 unit/125 sf of land. | ||
| Property Type | Land |
| Property Subtype | Industrial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.18 AC |
| Zoning | RC-4 - RC-4: High Density Residential/Commercial with 80' height limit. The North of Market Residential Special Use District allows 1 unit/125 sf of land. |
DESCRIPTION
Redevelopment opportunity of a corner site located at the intersection of Post and Larkin Streets in San Francisco's Van Ness Corridor/Lower Nob Hill neighborhoods. An existing 9,250 square foot two-story building and adjacent surface parking lot offer an opportunity to generate cash flow while awaiting redevelopment. The existing tenant will vacate the property on August 31, 2023. The site is zoned RC-4 which is high density residential or mixed-use. The height limit is 80 feet but that can be pierced by utilizing the State Density Bonus program for multifamily projects. At a ratio of one residential unit per 125 square feet, a total of 61 units could be built on the site. The State Density Bonus allows the density to be increased up to 50%, potentially yielding 92 units. The neighborhood is very active with nearly 3,000 new and proposed condominium and apartment projects.
PROPERTY TAXES
| Parcel Number | 0302-019 | Improvements Assessment | $324,278 |
| Land Assessment | $2,918,530 | Total Assessment | $3,242,808 |
PROPERTY TAXES
