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8/16/24
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We’ve learned of an interesting investment opportunity that’s come up in San Francisco’s Duboce Triangle neighborhood. The listing is for a 19k sf, architecturally unique mixed-use building originally built in 1919.
Currently demised into two unique spaces, the property consists of 67 Belcher, an 8.4k sf residence with five beds and four baths and an incredible outdoor space, and 69 Belcher, an expansive 10.6k sf artist/studio space ready to be re-imagined.
The property features very attractive “bones” with barrel vault ceilings reaching more than 22 feet as well as exposed concrete and structural elements adding to its appeal. Boasting a fantastic walkable location and transit connectivity, the Property has a 98 Walk score and 96 Transit score, adding immense value to the opportunity.
Potential buyers or developers will have the opportunity to utilize the existing improvements and/or explore alternative uses. The property’s recent entitlement approval for a five-story, 31-unit luxury residential project designed by Stanley Saitowitz and Natoma Architects Inc adds optionality and future development potential. The property was formerly owned by a notable San Francisco tech CEO who was successful in receiving approvals to transform the Property into a single-family residence.
Darren Kuiper and Tony Crossley with Colliers are representing ownership as exclusive advisors. According to Kuiper, the property is centrally located in one of San Francisco’s best neighborhoods and within walking distance to parks, cafes, and restaurants.
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