Ordinarily a fire sale happens right after the fire, but in the case of 3300 Mission it seems the most recent buyer wants a do-over more than two years after purchasing the fire-damaged properties in 2017 for $2.85 million.
Mission Local reports that developer Oak Funds will sell the property again, asking $3.15 million.
In December of 2017, three months after buying, Oak Funds applied for permits on a new building with 24 homes and 5,200 square feet of ground-floor commercial space, with an estimated construction budget of $1.3 million.
A February 2018 application for a zoning variance promised to “rehabilitate the buildings and restore the previous uses in two phases.” Phase One would consist of “rehabilitating the interior of the building,” while Phase Two would repair the exterior facade and begin construction of a roof deck and “appurtenance penthouses.”
Oak Funds received the variance, but the permit process never went forward and the permits never materialized. Now, for unstated reasons, they’re selling it gain.
Previously, 3300 Mission housed the Graywood Hotel SRO with 22 homes, as well as businesses like the 3300 Club, a bar that J.K. Dineen called “a community center as much as it was bar” in Curbed SF’s guide to Noe Valley.
The 2016 fire that wiped out those buildings started at a Cole Valley Hardware store.
Although the Graywood remained standing after the blaze—while other nearby buildings ended up gutted—it was too damaged for residents to return and ended up demolished.