1943 Divisadero St - Storefront Retail/Office FOR SALE


San Francisco, CA 94115- Lower Pacific Heights
$3,500,000 USD
415-794-6453
1943 Divisadero St, San Francisco, CA for Sale
$3,500,000 USD
Storefront Retail/Office - FOR SALE
1/11
null | 6.47% Cap Rate

NEW


1943 Divisadero St
San Francisco, CA 94115
Lower Pacific Heights


OVERVIEW

1939 Divisadero Street presents a rare opportunity to acquire a turnkey, income-producing office investment in one of San Francisco's most established and centrally located neighborhoods. Originally constructed as an apartment building and thoughtfully converted into professional office suites, the property consists of 24 individual office spaces and one ground-floor retail suite. The tenant roster is comprised primarily of therapists and counseling professionals, a highly desirable tenant base known for long-term occupancy, low turnover, and consistent demand. For investors seeking the stability typically associated with multifamily ownership, 1939 Divisadero offers many of the same benefits—numerous small tenants, diversified income streams, and resilient occupancy—without the constraints of residential rent control. The result is a property that combines the predictability of apartment-style cash flow with the flexibility and income growth potential of commercial real estate. The building has been meticulously maintained and professionally managed, reflecting pride of ownership throughout. Current management may be available to remain in place, providing a seamless transition for a new owner. With only three office vacancies, the property generates a legitimate in-place 6.5% capitalization rate while still offering future upside through rental growth. The flexible lease structure provides optionality for both investors and owner-users, allowing a future owner the opportunity to occupy space while maintaining substantial income from the existing tenant base. This combination of immediate cash flow, occupancy flexibility, and long-term appreciation potential is increasingly difficult to find in today's investment market. Architecturally, the property retains the timeless character and charm of its residential origins while offering modern functionality for professional users. In turnkey condition and strategically positioned along the Divisadero corridor, 1939 Divisadero is a compelling investment opportunity that delivers strong current returns, operational stability, and future value creation potential.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$488 USD /SF

CAP RATE

6.47%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1923

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

NC-2

APN/PARCEL ID

1028-002B

ASK ABOUT THIS PROPERTY

Michael JohnstonEngel & VolkersMore Info
415-794-6453

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Michael JohnstonEngel & VolkersMore Info
415-794-6453

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.