220 9th St - Apartments FOR SALE


San Francisco, CA 94103
$14,800,000 USD
415-338-0184
220 9th St, San Francisco, CA for Sale
$14,800,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

220 9th St
San Francisco, CA 94103


HIGHLIGHTS

  • Well-designed housing redevelopment project ready for a seasoned developer to build
  • Centrally located WSOMA industrial building on a 16,000 sf lot with dual street access
  • Proposed 6-story building with historic front facade preservation on 9th Street
  • 50-foot frontage on 9th Street and 125-foot frontage on Dore Street (2-way street)
  • Proposed 68 residential units consisting of 15 studios, 25 one-bedroom, 28 two-bedroom
  • There is a ground-level bike parking for 74 spaces and a 2000-square-foot commercial retail space

OVERVIEW

$1.7m price drop. Was asking $16.5m. Seller can work with a qualified buyer for a 1-2 year long close with a negotiable non-refundable deposit and carry a loan. Potential to increase the number of units if developed into low or affordable housing. Centrally located in WSOMA, this building complex is poised for a transformative redevelopment. After seven years of close collaboration between the owner, architect, the general public, and various city departments, the project is ready. It is time for a seasoned developer to bring the project to fruition and build much-needed housing in the City of San Francisco. The planned redevelopment envisions a striking 6-story building that preserves the historic front facade on 9th Street, seamlessly blending past and future. The property features a front building on 9th Street with a 50-foot frontage, a rear building on Dore Street with a 125-foot frontage, and spans a 16,000 SF lot with dual street access. The redevelopment plan includes 68 residential units, ground-level bike parking for around 74 spaces, and a 2000-square-foot commercial retail space. The unit mix comprises 15 studios, 25 one-bedroom units, and 28 two-bedroom units, with a design that integrates open space to enhance living quality. This project honors the building’s heritage while embracing a bold new vision.

FOR SALE DETAILS

PRICE

$14,800,000 USD

PRICE/SF

$218 USD /SF

# OF UNITS

68

PRICE/UNIT

$217,647

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

2026

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

Rm2

APN/PARCEL ID

3518-002

ASK ABOUT THIS PROPERTY

Eric ChinColdwell Banker CommercialMore Info
415-338-0184

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Eric ChinColdwell Banker CommercialMore Info
415-338-0184

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.