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Mixed-Use Hotel and Retail Building
For Sale
$4,500,000

1538-1544 Polk Street, San Francisco, CA 94109

Three ground-floor retail units sit beneath a 40-room SRO hotel, currently master leased to an operator.

Property Size14,160 SF
Price / SF$317.80
Days on Market246

Property Features for 1538-1544 Polk Street

General Information

Standard status Active
Size 14,160 SF
Property subtype Residential Income / Mixed Use

Additional Details

Multifamily Units 40

Amenities

42
Feet
No

Building Details

Year Built 1907
Stories 3
Tenancy Multi
Listing Agency: Compass
Listed By: Brian Leung · License #01203473
Source: Compass
Added: Jan 7 Changed: Sep 8 Last Checked: Sep 9 at 7:00PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass

Investment Insights

Based on property information with market context.

1538-1544 Polk Street is a three-story mixed-use property featuring three retail units on the ground floor and a 40-room SRO hotel above. The hotel rooms include 21 SRO units, 7 SRO units with partial baths, 9 tourist/transient rooms, and 3 manager-use rooms. SRO units without bathrooms share three common area bathrooms. The 40-room hotel is master leased to Shirley Hotels and is currently month-to-month.

Two of the three retail units are occupied by a tuxedo retailer and a foot massage service.

The asset is located on the Polk Street commercial corridor in the Nob Hill/Polk Gulch area of San Francisco, with access to public transit and walkable surroundings.

Key Highlights

  • Mixed‑use property (built 1907) with 3 ground‑floor retail units and a 40‑room SRO/hotel above
  • Hotel is master leased to Shirley Hotels, with month‑to‑month status noted for the 40‑room operation
  • Room mix includes 21 SRO units, 7 SRO units with partial baths, 9 tourist/transient rooms, and 3 manager use rooms

Property Analytics

Current Use

Hotels

Suggested Use

Top Pick Carpet & Flooring Store HVAC Service Buffet Clothing & Fashion Store Auto Parts Store Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

40
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

11,813
Businesses Nearby
189k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 46% Shops & Services 14% Hotels & Casinos 13% Dining 12%
Whole Foods Market Groceries
52,478 visits/mo 0.2 miles
Trader Joe's Groceries
34,815 visits/mo 0.2 miles
Holiday Inn San Francisco-Golden Gateway Hotels & Casinos
16,023 visits/mo 0.1 miles
Cole Hardware Home Improvements & Furnishings
11,315 visits/mo 0.5 miles
Starbucks Dining
9,305 visits/mo 0.4 miles

Demographics for 94109, CA

58,501
Population
39,043
Households
1.5
Avg Household Size
38
Median Age
65%
College-Educated
90%
High-School Grad
1.1 sq mi
ZIP Area
53,183
Density / Sq Mi
$112,201
Median Household Income
$89,841
Median Earnings
$2,172
Median Rent
$1,390,000
Median Home Value

Market

Vacancy Rate% for Retail in San Francisco, CA

4.8% 2019
6.5% 2020
6.6% 2021
6.3% 2022
6.4% 2023
6.5% 2024
5.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Hotel - Three ground-floor retail units sit beneath a 40-room SRO hotel, currently master leased to an operator.
Where is this hotel located?
The property is located at 1538-1544 Polk Street San Francisco, CA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Mixed‑use property (built 1907) with 3 ground‑floor retail units and a 40‑room SRO/hotel above; Hotel is master leased to Shirley Hotels, with month‑to‑month status noted for the 40‑room operation; Room mix includes 21 SRO units, 7 SRO units with partial baths, 9 tourist/transient rooms, and 3 manager use rooms
More about this property
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