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Lombard has never proven a viable incubator for commercial enterprise, so that worries me. On the other hand, the condos on the next block (Lombard @ Pierce) sold within the last year. Also, anything new on Lombard is an uptick from that glum stretch of dilapidated motels.

[Editor's Note: Believe it or not 3208 Pierce hit the market over two years ago. Time flies when you're plugged-in...]

I have always wondered why the old motels along the Lombard corridor weren't torn down during the real estate boom and
replaced with condos. The motels are a very inefficient use
of land in an area that has high real estate values. (It could be because of traffic, but some of the condos in South Beach
have traffic, too.) That could have transformed this part
of Lombard into a more attractive area.

Anyway, now that the boom is over, it won't happen.

My boyfriend, a Vice President at Lehman Brothers, and I refuse to acknowledge that 2008 ever happened, so, on my calendar, it was a year ago. Damn bean counters.

This building has some macho steel beams exposed right now. 3208 had the market perfectly timed...this could be a tougher project to sell though, especially with all the absolute crap along Lombard. The flat at 3116 Pierce has been on the market for months, the location just kills it.

Damn I'll miss that carwash.

"The flat at 3116 Pierce has been on the market for months, the location just kills it."

What are you talking about??? IHOP RULES!

these are going to be rentals...im told.

jlasf "I have always wondered why the old motels along the Lombard corridor weren't torn down during the real estate boom and replaced with condos. The motels are a very inefficient use
of land in an area that has high real estate values."

Motels sell for an amount SUBSTANTIALLY above what a developable lot is worth. San Francisco is a prime tourist area and these motels do quite well.

These are not planned to be rentals. Expect around $1-1.1mil, depending on views and on market by Jan/Feb 2010.

3208 Pierce sold for some outrageous prices.... can't wait for the first resale so SS can post their off the charts price drops as indicative of the entire market. Yet it's another building that a smart agent would have steered his clients clear of unless they didn't care about it depreciating in value by 10% the moment they closed escrow.