Update 4/29/2011: via socketsite, the property closed escrow this month with the original bidder for $1,310,000. The plan is to re-zone, and hopefully install a restaurant on the ground floor with two residential homes above.
How much for that dilapidated firehouse in the window? Loyal readers and bored cubicle dwellers have been following the story of 909 Tennessee Street, and while most of us were off throwing elbows at Whole Foods last Wednesday, a few folks were instead down at City Hall, trying to outbid each other for a little sliver of San Francisco history.
For those of you who are restless to know the results of the former-firehouse-for-sale, I just got off the phone with the Real Estate Division of the City General Services Agency. They pleasantly informed me that the winning bid opened last week (November 23 for those of you with an eye for detail) was $1,310,000. Which is fairly impressive, considering that old firehouse #33, a firehouse that you could move right into was on the market for $975,000 (as of Nov. 30 it is listed as being Active Contingent – contract accepted, buyer contingencies remain – in the MLS).
Apparently the old maxim of location, location, location also applies to abandoned firehouses, since someone willingly paid substantially more for 909 Tennessee in the dogpatch neighborhood than an occupied-former-firehouse in the Oceanview neighborhood. Not that I’m blaming them or saying they overpaid, I’m just saying.
But the real question is, what will the proud new owner of this firehouse be doing with it (other than rezoning it, since it currently is zoned public, and probably doing just a teensy-tiny (sarcasm, folks, sarcasm) bit of structural work on it, since it is also on the unreinforced masonry building list)?
Will it go the way of other churches and firehouses and become a refinished, remodeled, and restored status symbol for a facebook or google twenty-something millionaire? Or do the new owners have something else in mind? Inquiring minds want to know! And I’m also curious to know if they paid cash outright for the parcel, or got some type of financing… only time (and the tax records) will eventually tell.