Mixed-Use Office & Retail | Adaptive Reuse 1945-1947 Divisadero St

1945-1947 Divisadero Street provides users and investors with an expertly maintained medical office and ground-floor retail asset with an excellent location in the Lower Pacific Heights neighborhood of San Francisco, California. Currently 23% occupied by behavioral and mental health therapists, this rare offer is ideal for a user looking for new space for their operations or a value-add investor intending to lease the remaining vacancies and capture robust local rents. There is also a significant conversion upside to create new multifamily housing.

High ceilings, large bay windows, and a peaceful brick courtyard define the property’s warm and welcoming identity. A full glass storefront invites passersby, while the building’s large awning provides prominent signage and protection from the weather. The property was converted to medical offices in 1983 with all necessary permits. Attractive Edwardian-inspired architecture attracts the attention of the more than 20,000 vehicles that pass along the Divisadero commercial and commuter corridor each day. Beyond the strong visibility, 1945 Divisadero Street’s prime location lends exceptional ease of access to the building's tenants and customers. The 101 is just 1 mile away, with convenient connections to the 80 and 280 Freeways to the south and the Mill Valley/Sausalito submarket to the north. The location is conveniently served by San Francisco's Municipal transit system, with both North/South and East/West bus lines on the intersection of Divisadero Street and California Street, in front of the property.

The surrounding area offers massive support for medical office tenants. Just four blocks away at the intersection with Geary Boulevard sits a large concentration of critical healthcare providers, including UCSF Medical Center, the Kaiser Permanente Medical Center, and an adjacent 423,000-square-foot Kaiser Permanente medical office building.

Situated between Pacific Heights, Japantown, the Fillmore District, and Laurel Heights, Lower Pacific Heights is a vibrant San Francisco neighborhood coveted for its walkable layout. Businesses and residents are within easy walking distance of many diverse restaurants, shops, coffeehouses, and bars along Fillmore Street. The neighborhood's central location is a major part of its allure, providing quick access to Union Square, the University of San Francisco, the Financial District, several prominent medical centers, tech employers, landmarks, and more. The area’s desirability has produced a valuable demographic profile within 2 miles of 1945 Divisadero Street. The population of more than 300,000 is highly educated, with 62% carrying a bachelor's degree or higher and the average household income exceeding $149,000. Healthcare spending in the area surpassed $233 million during 2023, ensuring a stable customer base for area medical businesses.