Fully Entitled 777 Tennessee Street Lot in San Francisco Sells for $4.7MM

777 Tennessee, San Francisco, Dogpatch, San Francisco, Newmark Cornish & Carey,

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A fully entitled lot of 11,424 square feet in San Francisco’s Dogpatch district sold last month for just over $4.7 million, or $411 per square foot, according to public documents. The lot, which is on the corner of Tennessee and 19th streets today is entitled for a residential development of up to 59 units.

The renderings provided are from Sternberg Benjamin architects, which worked on the conceptual development of the multi-family structure.

The sale, which closed on July 22nd, was announced by the San Francisco office of Newmark Cornish & Carey. The sellers were exclusively represented by Michael Taquino, senior managing director, Daniel Cressman, executive managing director, and Kyle Kovac, senior managing director, who work out of the firm’s San Francisco office. They were not available for comment.

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West Coast Commercial Real Estate News