SAN FRANCISCO, Aug. 16, 2017 /PRNewswire/--Starboard Commercial Real Estate, privately owned and locally based San Francisco commercial real estate firm, and Remax Performance as an exclusive advisor, is pleased to announce new property–376 Castro Street, a premier development opportunity in San Francisco's Castro District– available for purchase.
Located in the epicenter in one of San Francisco's distinguished districts, 376 Castro Street is well served by transit and is anchored by the Market Street municipal transit (with stations at Church Street and Castro Street) and the F-Market historic streetcar line. All light-rail lines in San Francisco traverse the district, including the F, K, L, and M, and additional key cross-town transit service crosses Market Street Castro Streets.
Upper Market Street is a multi-purpose commercial district that provides limited convenience goods to adjacent neighborhoods, and also serves as a shopping street for a broader trade area. The availability of 376 Castro Street brings a rare opportunity to develop in a supply constrained environment. Residential development in new buildings is encouraged above the second story, and existing upper-story residential units are protected by limitations on demolitions and upper-story conversions.
Project Highlights Include:
Transit Oriented Development Muni Transit ½ block away, (Castro Street) Station
Previously Approved for 24 Condos, (expired), the property can be re-entitled to potentially build upwards of 45 Units over ground floor commercial.
Zoning encourages housing about the ground floor. The Height limit is 65Ft, which allows for upwards of six stories.
Feasibility study estimates 45 Units of housing over 2,258 Square Ft. of retail.
Based on the study, the estimated Net Rentable Square Ft. would be 28,604 Square Ft
"It is the last of developable lots in the heart of one of best neighborhoods in San Francisco," said Craig Hansson, Sales and Leasing Director for Starboard Commercial Real Estate.
For more information on 376 Castro Street, please visit www.starboardnet.com. To schedule property tours, please contact Craig Hansson at (415) 694-5367 or email at [email protected], or Richard Gumbiner at (415) 793-0865, or email at [email protected]. A final call for offers for the property will be set at a later date.
About Starboard Worldwide Commercial Real Estate Starboard Worldwide Commercial Real Estate is the largest independently owned commercial real estate company in San Francisco, California. Starboard was established in 1991 with a unique vision of what a commercial real estate firm should be. With a combined total of 55 years representing landlords and tenants, members of the firm are devoted to serving clients with the highest ethics and professionalism. By implementing the latest technology, Starboard combines innovative market techniques with hard work, pursuing every opportunity to meet its clients' commercial property goals. Our brokers are highly qualified professionals supported by skilled support staff and a full-service in-house graphic and website design team. Our brokers have access to critical information on existing tenants in San Francisco and more than 1,814 office buildings and over 103 million square feet of office space throughout San Francisco.
In 2000, Starboard became the San Francisco member of TCN Worldwide Real Estate Services, a national affiliation of independent real estate firms located in more than 200 markets with 62 offices in 8 countries, including North and South America, Europe, and Asia. Using national and international real estate expertise, Starboard provides clients with local know-how on a global scale. Hans Hansson, managing principal, and previously served on TCN Worldwide's Board of Directors and as well as regional vice president for two years. For more information, visit www.starboardnet.com.
Media Contact: Natalie Wolfrom PR for Starboard Worldwide 415-609-7092 [email protected]