Then what would you say if I told you there was no dwelling to go with it? That’s right. There are two parcels for sale right now that are roughly $1,000 per square foot just for the land. Any guesses as to where they are located? Nob Hill and Pacific Heights. Both come with approved construction plans.
We’re wishing we had a little spare change to get into a long-term play at 770 Powell. It’s approved for 9 luxury condo units with 11 parking spaces and will be called “The Bentley”. Penthouse units will feature over 4,000 square feet each. The lot itself, which is priced at $6,000,000, is around 6,100 square feet or .14 acres. This equates to a price per square foot for the land of $983.61 (keep in mind this includes fully approved plans). As of this morning, it has been on the market for 44 days.
The Bentley
The spot
For info on the other pricey lot, continue reading –>
