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SoMa for Sale

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Two non-entitled development sites in SoMa are up for sale at prices that are as high as any ever seen for non-entitled sites. The first, at 500 Townsend, has a bid for $170 per square for 1.24 acres that are zoned for an office, a hotel, or a residential development. A second 13,750 square foot site at 701 3rd Street currently houses a McDonalds but could be used for an office building or condos or apartments. [Registry SF]