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Parcel Previously Approved For Multifamily For Sale In San Francisco

A previously approved project with 24 condos at 376 Castro St.

A San Francisco Castro District lot is for sale. Starboard Commercial Real Estate and Remax Performance are handling the sale of 376 Castro St., which was previously approved for 24 condos. The approval has since expired, but the site could be re-entitled for up to 45 units above more than 2K SF of ground-floor retail.

The land and existing structures are worth about $2.5M, according to public documents. The parcel last sold in 2004 for $100K. The lot contains a gas station.

Current zoning has a height limit of 65 feet, or about six stories. Previous studies have estimated a building could have about 28K SF. The parcel sits on Castro and Market streets and is served by the F-Market historic streetcar line as well as light-rail lines K, L and M.