224-228 Clara Street is a vacant property in the South of Market District on a 3,600 SF lot that is entitled for a 5-story 9-unit multifamily development. The property is currently a vacant building. Ownership has obtained entitlements to build a 9-unit multifamily property consisting of eight (8) 2-bedroom/2-bathroom units and one (1) 1-bedroom/1-bathroom unit. When complete, the property will be LEED Silver certified and will feature open living/dining/kitchen spaces, direct elevator access to each unit, and a lobby with up to 17' high ceilings. The proposed development was designed by renowned local architect Stanley Saitowitz of Natoma Architects Inc., designer of innovative buildings such as 8 Octavia and 603 Tennessee. The South of Market District embodies a vibrant blend of residential, retail, office, and industrial spaces. Over the past decade, the neighborhood has undergone a remarkable surge in residential development, resulting in a thriving community with a growing population and an array of retail offerings. The investment appeal of the property is its central location in the City and its potential as a fully entitled multifamily redevelopment.
MLS #
SF423900072
MLS Source
San Francisco Association of Realtors® MLS
Days on Site
395
Utilities
Water - Public
Sewer
Public Sewer
Water
Public
HOA Fee
$0
Listing Agent
Brian Leung
Compass Commercial
License #: 01203473
Phone: (415) 278-7838
Co-Listing Agent
Jeremy Lee
Compass Commercial
License #: 01951309
Phone: (415) 988-9719
224 Clara St is in San Francisco, CA 94107. This Land is currently priced at $3,000,000.
This address can also be written as 224 Clara St, San Francisco, CA 94107.©2024 San Francisco Association of Realtors® MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from San Francisco Association of Realtors® MLS.
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This listing information is up-to-date as of August 13, 2024. For the most current information, please contact Brian Leung, (415) 278-7838