Cavernous Home With Development Potential Asks $12.5M

Way back in 2007, a massive furniture factory-turned-living space and art gallery in Duboce Triangle came on the market looking for $6.999 million. The unique property, which was designed by architect Ira Kurlander, didn't sell and disappeared from the market after a few months. Now, eight years later, it is back and asking $12.5 million. The place is so big that aerial shots are used in its listing to capture its true size. As the brokerbabble notes, the cavernous indoor space could either be kept as-is and used as one "the most unique live/work residences in San Francisco" or transformed into "one of the greatest multi-unit addresses ever created."

Currently, the place features a main living area that looks big enough to house a plane, although what's in there now is some furniture and a huge collection of guitars. There's an outdoor courtyard complete with a basketball hoop, what looks like a home pilates studio next to a four-car garage, and six bedrooms. But the real value in this place may be in its expansion potential. There is a 12,500-square-foot floor plan and potential to build up to a 40-foot height limit, meaning that there could be room to build up to 40,000 livable square feet.

· The Bigger Picture: 67-69 Belcher Street [Curbed SF]
· 67-69 Belcher Street [Redfin]