Fully Entitled San Francisco 53 Residential Unit Development Opportunity

2435-2445 16th Street San Francisco, CA 94103

2435-2445 16th Street, San Francisco, CA, 94103
2435-2445 16th Street, San Francisco, CA, 94103
FOR SALE
Property Type:
MultiFamily Apartments
FOR SALE
Amount:
Please Call Broker for Price

Last Verified:
Sep 13, 2018

Highlights

  • Fully Entitled with Demolition and Site Permits Approved
  • Highly Desirable Mission District Location
  • Corner Site with 200' of Street Frontage
  • Attractive Unique Design by D-Scheme Studio
  • 40 Car Parking plus 2 Car Share, 60 Space Bike Storage, and Private Storage Lockers
  • ±3,405 Sq. Ft. of Ground Floor Commercial Space
  • Roof Deck with Panoramic City Views
  • Conveniently located half a block to Regional Shopping Center
  • Excellent Public Transit Access to MUNI, BART and Private Bus Services

Description

Fully Entitled San Francisco 53 Residential Unit Development Opportunity

2435-45 16th Street features a seven-story residential and commercial development with a total of 39,852 saleable square feet (36,447 sq.ft. residential and 3,405 sq.ft. commercial). The Project encompasses a total of 53 residences with a mix of studio (1), one-bedroom (29), two-bedroom (18) and three-bedroom (5) units, averaging 688 square feet and a total of 3,405 square feet of ground floor commercial space divided into four units (1,016 sq.ft., 761 sq.ft.,967 sq.ft., and 661 sq.ft.). The below-grade garage provides 40 parking spaces via 13 stackers and 4 independent spaces, as well as two Car Share spaces. There are 60 below-grade Class I bike storage spaces and 8 Class II bike parking spaces on the sidewalk for a total of 68 bike spaces. Outdoor space is being provided by a ± 4,558 square-foot roof deck with panoramic City views and a ± 1,997 square foot ground floor patio.

Building Size: 39852.0sq ft
Lot Size: 0.0 acres

Map of 2435-2445 16th Street, San Francisco, CA, 94103

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.