3260 26th Street, San Francisco, CA 94110

Property Description

RARE mix use multifamily development opportunity in San Francisco! Located on a highly visible corner lot, this commercial building offers a special development opportunity in the Mission District. Currently home to a long-established automotive service center, the property benefits from excellent exposure with wide frontages along both streets, strong traffic flow. Total unit count:43 approved units, 12 studios, 13-1bd/1ba, 10-2bd/1ba & 7-2bd/2ba units and 1-588 GSF commercial corner unit offering additional income opportunity. Total sq footage for the whole building: 35,543 GSF (per SF Planning Code Gross Building Area (includes partial basement). Residential sq footage:29,574 GSF (includes residential circulation; excludes utility spaces) Roof deck sq ft:Common: 2,059 GSF Private: 268 GSF Separate sq footage for the commercial space broken down: 588 GSF # of stories: 7 over basement. Please note 7th floor includes roof deck, interior circulation and common amenity spaces, but no units. Due to common amenity space, this is considered a story. Total BMR unit count:5 on-site BMRs required. To add more information for the State Density Bonus. If a buyer wanted to go to max 100% bonus, that would mean an 8-story, 56-unit building with 45,424 GSF of residential (excludes ground floor commercial and entire basement). That building would require (10) BMRs though; compared to (5) BMRs for a 50% bonus project (current Site Permit). To qualify for this 100% bonus, the project would need to provide 15% of base units (28) at 50% AMI and 15% at 120% AMI. That would equate to 5 units at 50% AMI and 5 units at 120% AMI out of a total of 56 units. If you just settled for one step down on the bonus chart (96.25%), it would reduce to 4 units at 120% AMI, but still would require 5 units at 50% AMI. Surrounded by residential homes and thriving local businesses, this location is ideally positioned for a dream development opportunity! Please note: all areas final counts subject to change and are approximate