A Tenderloin parcel at 519 Ellis St. in San Francisco is now on the market for $2.95 million, per Socket Site.

Plans for the site call for a 21-condo building with units that measure approximately 600 square feet. Two retail spaces are also proposed for the ground level. Developers have already requested building permits, which are expected to be approved within the next four or five weeks.

Meanwhile, the asking price for the parcel’s sister project, located at 430 Eddy St., just went down by 27 percent, dropping from $5 million to $3.5 million. According to a report by Socket Site, both the Eddy Street and Ellis Street sites were originally slated for affordable housing development more than 10 years ago.

If these parcels get picked up by luxury developers, the new housing could play a small part in upgrading the neighborhood. The question is whether developers will be interested in building here.