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.
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.
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.
Actually I always thought that Market & Van Ness would be idea for a large European-style roundabout … if Americans knew how to use them!
Thank you! It and many others.
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.
It’s under-priced. Should be drawing multiple offers?
It’s worth about what they are asking, plans are worthless.
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 😉
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?
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?