On the market for the first time since new — and in original condition except for flooring and paint — this condominium is one of the least expensive 1-bedrooms at 310 Townsend in a decade. And buyers have no time to waste because, at 100+ days on the MLS, the recent major price reduction was accompanied by an offer date set for next Tuesday. It is currently listed at $649,999.

Originally constructed in 1907 as a warehouse for Southern Pacific Railroad, 310 Townsend is in rare company among brick and timber buildings converted to residential use in the 1990s and early 2000s. In fact, just 13 such adaptive reuse projects exist citywide. The 726 homes they encompass, moreover, account for less than one-fifth of one percent of San Francisco’s housing units. For those who love them, the appeal is easy to see: they’re timeless, they’re distinctive, and they’re sexy.

Soaring ±14-feet ceilings, rough sawn beams and exposed masonry highlight the historical integrity of 310 Townsend Street #207. Structural and seismic improvements completed in the 2006/7 transformation, meanwhile, elevate it to modern standards. Developer-installed fixtures include Studio Becker cabinetry, granite countertops, stainless appliances and gas cooktop by Bosch, and industrial-style lighting. This unit also a walk-in closet with organizers, and in-unit washer and dryer. It’s a roomy mid-size one-bedroom layout measuring approximately 803 square feet.

While this home has never before been offered to the public for resale, it has in fact changed ownership twice since its inaugural $589,000 purchase in 2007. It sold quietly off-market in 2017 for $745,000 and again to the current owner in 2019 for $800,000. Any hope to not realize a loss on 310 Townsend Street #207 this time around presumably passed long ago. The question remains: how far into the red will the seller agree to go?

There’s only one way to find out. Let’s make a deal!