The building that for nearly a century housed Lucca Ravioli Company on Valencia Street is, as anticipated, up for sale. It’s part of a three-building package along with the two related buildings, all stuffed with a price tag of more than $8.28 million.
According to to the official history of Lucca Ravioli, the Italian goods store opened its 1100 Valencia Street locale in 1925 (18 years younger than the circa-1907 building it occupies), a family owned-institution that has endured through booms, busts, world wars, depressions, and the ever-changing character of the Mission District.
But as Eater SF reported in January, the neighborhood received shocking news that Lucca Ravioli will sell its last batch of tagliarini on April 20.
According to the San Francisco Chronicle, no one will take over the family business once 50-year proprietor Michael Feno retires. The sale of the off-the-market building will certainly finance quite a retirement in today’s market.
The listing, held by realtors Jordan Geller and JB Williams, includes Lucca’s 1100 Valencia storefront along with the residential building next door—“seven expansive flats”—and the related warehouse and processing building.
(The listing notes a “monumental opportunity” to potentially convert the warehouse into more housing.)
“The Mission has also long been a popular district for Silicon Valley commuters who have created a strong demand for neighborhood services,” says the listing, hoping to entice buyers with an eye toward cashing in on the tech set’s deep pockets.
A separate listing for just the warehouse and food processing space calls the building “significantly underutilized” and asks $4.35 million.
As for the Lucca’s Ravioli store itself, its slice of the pie asks $1.45 million.