Purchased by the French American International School for $900,000 back in 2012, the former Bruce’s Automotive building at 159 Fell Street, which measures roughly 4,700 square feet, is now back on the market with a $3.6 million price tag.
While the circa 1927 garage has been flagged as a potential historic resource, its 3,300-square-foot Hayes Valley parcel, which extends to Hickory, is zoned for development up to 85 feet in height.
Since sold to a development team which is partially based in Toronto, plans for the site have been drafted. And as envisioned, the existing garage would be completely demolished and a new seven-story building would rise on the site, with 16 residential units over 2,700 square feet of office space and a storage room for 16 bikes.
Once again, the adjacent Rickshaw Stop building at 155 Fell Street, which was purchased for $1.2 million in 2003 but isn’t currently on the market, is zoned for development up to 85 feet in height as well. We’ll keep you posted and plugged-in.