Former Walgreens - Infill San Francisco Mixed Use Development
At-A-Glance
Price: $20,000,000
Address: 1314 Post St San Francisco, CA 94109
Building Size: 12,227 SF
Land Area: 0.43 AC (18,731 SF)
Opportunity
Former Walgreens located in highly desirable Downtown San Francisco location, just south of Pacific Heights
Mixed-Use Development Opportunity
Highlights
Generational / Legacy Infill San Francisco Site - This site is located in the heart of San Francisco near the desirable Lower Pacific Heights neighborhood. Located close to Van Ness Avenue and Geary Street, directly on Franklin Street and Post Street and adjacent the CPMC Van Ness Sutter Health Campus, this desirable location would allow success for residential and/or commercial development.
Major Zone Change / Density Increase In Process: “Expanded Housing Choice” – The current effort by the City of San Francisco to upzone this district and location allows for an opportunity to develop a project of significant density. The site will allow a structure up to 200 feet height without inclusionary housing and up to 500 feet with some inclusionary housing. The new form-based code is estimated to allow up to 868 units. Please contact listing agents for more details.
“High Priority” Corridor Site - The District 2 Supervisors office described the site as a “High Priority Corridor Site” which shows eagerness to support a high density project at this location.
Formula Retail Benefits - San Francisco’s formula retail policy regulates chain stores with 11 or more global locations. These businesses are banned in most neighborhoods but allowed with a conditional use permit at this location.
Lower Pacific Heights Neighborhood - Lower Pacific Heights remains a high-demand, high-value neighborhood with strong year-over- year growth, quick sales. It’s more affordable than close by top-tier Pacific Heights but draws similar buyer interest and investment dynamics.
Adjacency to Sutter Health / CPMC Van Ness Campus – this facility is a major, state‑of‑the‑art hospital complex in downtown San Francisco featuring nearly 1.5 million square foot hospital and medical office facility. Its new construction cost appr. $2.1 billion and its currently hosts appr. 3,000 employees.
