224-228 Clara Street

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Address: 224-228 Clara St, San Francisco, CA 94107, USA
Created date: January 31, 2024
Date last updated: July 9, 2024
  • Excellent South of Market Location, Near Nightlife, Financial District, Other Developments, and Abundant Retail Amenities
  • 3,600 SF Lot Fully Entitled for 9-Unit Multifamily Property - Eight 2-Bed/2-Bath Units and One 1-Bed/1-Bath Unit
  • Proposed Development Designed by Renowned Architect Stanley Saitowitz of Natoma Architects Inc.

Property Description

224-228 Clara Street is a vacant property in the South of Market District on a 3,600 SF lot that is entitled for a 5-story 9-unit multifamily development. The property is currently a vacant building. Ownership has obtained entitlements to build a 9-unit multifamily property consisting of eight (8) 2-bedroom/2-bathroom units and one (1) 1-bedroom/1-bathroom unit. When complete, the property will be LEED Silver certified and will feature open living/dining/kitchen spaces, direct elevator access to each unit, and a lobby with up to 17’ high ceilings. The proposed development was designed by renowned local architect Stanley Saitowitz of Natoma Architects Inc., designer of innovative buildings such as 8 Octavia and 603 Tennessee. The South of Market District embodies a vibrant blend of residential, retail, office, and industrial spaces. Over the past decade, the neighborhood has undergone a remarkable surge in residential development, resulting in a thriving community with a growing population and an array of retail offerings. The investment appeal of the property is its central location in the City and its potential as a fully entitled multifamily redevelopment.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Land/Development
Price: $3,000,000
Lot Size: 0.08 Sq ft
Opportunity Zone: No
Property Website Click Here
Address: 224-228 Clara Street, San Francisco, CA 94107, USA
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