Built in 1948, the shuttered Buon Gusto Sausage Factory at 535 Green Street was once the largest sausage and salami producing facility in the west.
The 8,600-square-foot building, which is in need of work and includes a 4,000-square-foot basement, sits on an 11,000-square-foot lot in the middle of North Beach.
While the building has been identified as a potential historic resource, its parcel, which includes the adjacent parking lot, is zoned for development up to 40 feet in height, with housing allowed above the ground floor.
And the property is now on the market with a $6.95 million price tag, touting “Great Development Potential!”
Plans to redevelop the site have since been drafted. And as envisioned, a 4-story building would rise up to 40-feet in height across the site while preserving the façade of the historic Buon Gusto building, with 24 residential units over 6,500 square feet of new ground floor commercial space and a storage room for 21 bikes.
We’ll keep you posted and plugged-in.