Think $1000 per square foot is expensive?March 31, 2009
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.
For info on the other pricey lot, continue reading –>
2157 Green Street is currently priced at $4,900,000. It is a vacant lot near Fillmore and Green that contains 4,400 square feet, or .101 acres. This puts the lot at $1,113.64 per square foot. The property has been on and off the market since July of last year. The lot comes with approved permits to build a 13,500 square foot home with a roof-top swimming pool. The renderings look pretty sweet.