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August 5, 2011

Wanted: Deep-Pocketed Developers in Jordan Park


For all those smaller San Francisco developers looking for a unique, large lot on which to construct a mansion or a multi-unit project, there’s somethin’ goin’ on for ya at 46 Cook. Located on a private cul-de-sac off Geary, the property encompasses the 3BR/1BA Victorian cottage you see above on a triple lot with a 75′ frontage and a 120′ depth. Each lot is zoned for two units, and there is a carriage house at the rear of the lot. The same family has owned it all for the past 50 years.

The buyer will potentially take advantage of “an opportunity to develop an estate with a residence surrounded by lush foliage and shady trees reminiscent of the Great Gatsby,” according to the listing notes. (But keep in mind that Cook off Geary is a long way off from West Egg, Long Island.)

Other buyer possibilities are “a developer who can convert each of the three lots into two units, bringing the property to a total of six units and elevating the potential for easier resale in the future.” And finally, an owner-buyer can take a shot—someone “who requires the flexibility of possibly adding units for rent.”

The one thing any of these buyers needs is the purchasing power to meet the list price: $1.9M. If you know anyone like that, send him or her my way, please.

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