$1,690,000

Two compelling development paths in Lower Nob Hill: build the fully entitled 9-unit condominium project immediately or capitalize on recent zoning changes and explore expanded density potential. Shovel-ready development site with approved plans for a five-story, 50-foot building containing 9 market-rate condominiums. The Kerman Morris Architects design offers nearly 5,200 square feet of living space, 8,000+ gross square feet, rear yard, roof decks, and efficient 1BR/1BA layouts featuring spacious flex rooms ideal for home office, den, or reading area. Check out the plans! Now located within the Housing Choice-San Francisco (HC-SF) Program area, the property may offer significant additional development potential. Preliminary massing studies suggest the possibility of an approximately 13-unit, 8-story market-rate project totaling up to 14,744 square feet, representing more than 6,500 additional square feet of development envelope beyond the approved plans. A future project could accommodate a mix of one-, two-, and three-bedroom residences. Affordable housing developers may find opportunities for even greater density through applicable state housing laws. Buyers should independently verify all development potential with San Francisco Planning. Exceptional opportunity for developers and investors. Motivated seller.