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Commission requests appraisal and more analysis before deciding fate of historic 2300 Third Street station
Summary
Real estate staff briefed the commission on the condition and market interest for 2300 Third Street (old Bayview/Potrero police station), citing entry/abatement costs of roughly $123,000'$210,000 to make the building safe for inspection and suggesting a sale value in the low millions; commissioners asked staff to return in 4'6 weeks with a formal appraisal and pro forma financials.
The Police Commission discussed the possible sale or lease of the historic old Bayview/Potrero police station at 2300 Third Street on June 11 and asked real estate staff to provide a formal appraisal and financial analyses before any direction is given.
John Updike (identified in the record as the real estate director) told the commission the property had been damaged by a fire and has long-standing issues including water infiltration, vermin…
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