Salvation Army Lists 1.9-Acre Property for $58 Million in San Francisco
The Salvation Army is selling a 1.9-acre property in San Francisco for $58 million, highlighting it as a major development opportunity. The site includes a 65,000-square-foot building used as a donation warehouse and an adjoining property for recovering addicts. The property has attracted developer interest, suggesting a potential shift in the city's housing construction trend. It is zoned for up to 65 feet in height, with possibilities for increased height under density bonuses due to its location on a transit corridor.
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The Salvation Army is listing a 1.9-acre property in San Francisco for $58 million, owned since 1955. The site includes a 65,000-square-foot warehouse building and an adjoining property used for housing recovering addicts.
Interest from developers has emerged shortly after the property was listed, indicating a potential change in the city's housing construction landscape. The property is zoned for a height of up to 65 feet, with options for greater height through state and city density bonuses due to its placement on a transit corridor.
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