1314 Post St - Drug Store FOR SALE


San Francisco, CA 94109- Lower Pacific Heights
$20,000,000 USD
818-281-7893
1314 Post St, San Francisco, CA for Sale
$20,000,000 USD
Drug Store - FOR SALE
1/16
null | Request Cap Rate

1314 Post St
San Francisco, CA 94109
Lower Pacific Heights


HIGHLIGHTS

  • Generational / Legacy Infill San Francisco Site
  • Major Zone Change / Density Increase In Process: “Expanded Housing Choice”
  • High Priority” Corridor Site w/ Formula Retail Benefits
  • Generational Legacy Asset, High Density Mixed Use Development

OVERVIEW

•Generational / Legacy Infill San Francisco Site - This site is located in the heart of San Francisco near the desirable Lower Pacific Heights neighborhood. Located close to Van Ness Avenue and Geary Street, directly on Franklin Street and Post Street and adjacent the CPMC Van Ness Sutter Health Campus, this desirable location would allow success for residential and/or commercial development. • Major Zone Change / Density Increase In Process: “Expanded Housing Choice” – The current effort by the City of San Francisco to upzone this district and location allows for an opportunity to develop a project of significant density. The site will allow a structure up to 200 feet height without inclusionary housing and up to 500 feet with some inclusionary housing. The new form-based code is estimated to allow up to 868 units. Please contact listing agents for more details. • “High Priority” Corridor Site - The District 2 Supervisors office described the site as a “High Priority Corridor Site” which shows eagerness to support a high density project at this location. • Formula Retail Benefits - San Francisco’s formula retail policy regulates chain stores with 11 or more global locations. These businesses are banned in most neighborhoods but allowed with a conditional use permit at this location. • Lower Pacific Heights Neighborhood - Lower Pacific Heights remains a high-demand, high-value neighborhood with strong year-over-year growth, quick sales. It’s more affordable than close by top-tier Pacific Heights but draws similar buyer interest and investment dynamics. • Adjacency to Sutter Health / CPMC Van Ness Campus – this facility is a major, state-of-the-art hospital complex in downtown San Francisco featuring nearly 1.5 million square foot hospital and medical office facility. Its new construction costs appr. $2.1 billion and it currently hosts appr. 3,000 employees.

FOR SALE DETAILS

PRICE

$20,000,000 USD

PRICE/SF

$1,629 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Vacant WAG - Legacy Infill Development Site

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

NC3

APN/PARCEL ID

0689-003

ASK ABOUT THIS PROPERTY

Nick D'ArgenzioBlvd Real Estate Investment Co.More Info
818-281-7893

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Nick D'ArgenzioBlvd Real Estate Investment Co.More Info
818-281-7893

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.