Contractor special. A heavy fixer with tremendous upside. Listed at less than $53 per square foot, this property has tremendous upside for renovation and resale; or income potential from leasing the units. This multi-family property is a unique opportunity to own on vibrant and historic St. Francis Plaza, literally steps away from where Ansel Adams took his famous photo of the rear of the St. Francis de Assisi Mission Church in 1929. Approximately 7,456 SF with 7 to 8 units (depending on final layout), currently vacant, the property includes both adobe and frame construction. Over the past several years, the owners have carefully prepared the property for renovation. It now features legal access directly from St. Francis Plaza, a formalized lot split with new survey, and a tentative agreement to access community water. (The property is currently on a private well, with additional surface water rights; and municipal sewer.) The current owners have also had asbestos abatement performed, had architectural plans drafted for renovation and have done much of the necessary interior demolition, with the project now ready for permitting. An incredible opportunity for the right buyer.
