Weird San Francisco real estate lot on the market for $ 75K
SAN FRANCISCO – Are you looking for a property with a unique view of the San Francisco Bay? A California real estate agent has a deal for you.
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The listing offers 50,000 square feet of land for $ 75,000. Here is the trap. It is offshore and underwater in San Francisco Bay, the San Francisco Chronicle reported.
“Own a piece of San Francisco,” states the official real estate listing for 250 Fitzgerald Ave.
The property was bought six years ago by Daly City real estate agent Trent Zhu, KGO reported. The 1.1-acre lot is located three city blocks east of Candlestick Park, the television station reported.
Zhu said he bought the San Francisco County land in a foreclosure auction for less than $ 5,000, KGO reported. He never visited the property, the TV station reported.
The real estate agent’s listing is not misleading.
“The earth is under water. Zoning is RH1D by public registration, ”the listing reads. “Street No. 250 is not an assigned official address.”
The RH1D zoning means that a single-family home can technically be built on the property, SFGate reported.
The street address is fictitious, Zhu explained, because there is no network of underwater streets in the area – and certainly no place to put a mailbox, the Chronicle reported.
So far, Zhu has no lessee for the property, KGO reported. But he likes the idea and has admitted to purchasing other underwater plots.
Zhu admitted that he didn’t have any real plans for the land. He thinks it might have some value, as a major development is planned in the former home of Candlestick Park, the Chronicle reported.
“It was more fun to buy a piece of land underwater,” Zhu told the newspaper.
However, Zhu’s list comes with one final caveat for potential buyers.
“The seller is not sure if this land can be developed into a jetty or anything at all,” the listing said.