While Lucca Ravioli is expected to remain in business on the southwest corner of Valencia and 22nd Streets in the Mission, its detached parking lot parcel a few doors down at 1120 Valencia is about to hit the market with a $2.995 million price tag.
The parking lot parcel, which measures 4,132 square feet, is principally zoned for development up to 55 feet in height. And sited within the Valencia Street Neighborhood Commercial Transit District, the development of ground floor commercial space with housing above will be encourage by the city and the parcel’s redevelopment wouldn’t require the inclusion of any parking.
We’ll keep you posted and plugged-in. And yes, the corner parcel upon which the two-story Lucca building sits is also zoned for development up to 55 feet in height, but that’s a potential infill story for another time.