CFAH

As we outlined back in the fourth quarter of 2021:

Having been in and out of contract a handful of times over the past couple of years, a sale of the former used car lot turned Firepie site on the northeast corner of Valencia and Cesar Chavez, which is currently leased for $7,800 a month, is once again contingent having been relisted for $1.998 million two weeks ago.

And yes, plans for a six-story building to rise up to 65 feet in height on the skinny infill site, with 23 residential units over 5,000 square feet of ground floor commercial/retail space, have been drawn, which is the full height for which the 6,620-square-foot parcel is zoned, not accounting for any bonuses.

But once again, the infill plans as envisioned have yet to be approved, much less submitted to the City for a preliminary review. And in fact, plans to simply reorient the existing trailers on the site and legitimize the setup as a “limited restaurant” have been drafted. We’ll keep you posted and plugged-in.

Having failed to close escrow in 2021, the infill site has just returned to the market with a reduced list price of $1.75 million. Keep in mind that the site was briefly optioned by the Prado Group in 2020 but the market has changed. We’ll keep you posted and plugged-in.

Comments from Plugged-In Readers

  1. Posted by Juan Doe

    Good intel that Prado optioned it. I’m curious why? It’s too small for them and there aren’t any adjacent parcels in play.

  2. Posted by unlivablecity

    That area, like a lot of big convergence intersections in SF (Market and Van Ness, Mission and South Van Ness) is a missed opportunity for beautification via adding traffic circles and greening, wider sidewalks etc.

    • Posted by Sierrajeff

      Actually I always thought that Market & Van Ness would be idea for a large European-style roundabout … if Americans knew how to use them!

      • Posted by unlivablecity

        Thank you! It and many others.

      • Posted by bus rider

        From a pedestrian and transit rider perspective, I don’t see how this would work at Market & Van Ness. There’s pretty heavy pedestrian traffic at this intersection as it’s a well used transfer point for Muni passengers. From my perspective, this is definitely a spot where it’s good to know that all traffic must stop at red lights, to allow cross traffic through the intersection.

  3. Posted by Fact

    It’s under-priced. Should be drawing multiple offers?

    • Posted by What A Town

      It’s worth about what they are asking, plans are worthless.

  4. Posted by B

    Desperate for something, anything to get built here. The 4 billboards pointing in all directions are blight and deliver too much light pollution.

    Maybe even a new Walgreens at ground level 😉

    • Posted by Fact

      Billboards are only interim use to help owner pay real estate taxes until something gets built. Location near hospital has value and should be generating offers. Might be back-story why developer(s) are passing on the site?

  5. Posted by DAA

    Will be happy to see those billboards go as well.

    I don’t believe it’s been covered here but Sequoia Living purchased the parking lot across the street behind the Sears building in hopes of building a massive affordable housing complex. Maybe buyers are waiting, in part, to get a better idea of how that’s going to pan out?

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