1933 Union St

1933 Union Street is an approximately 3,600-square-foot commercial property situated in the heart of Cow Hollow’s highly sought-after boutique retail corridor. The two-story building is divided into three suites and is currently occupied by established tenants, including Zen Spa Nail Salon and Union Street Jewelers, both operating under short-term gross leases that include annual rental escalations. Each tenant also holds a five-year renewal option, with Zen Spa’s lease providing for an adjustment to fair market rent in 2028. The property offers significant upside potential, as current lease structures can be repositioned to market rates and converted to triple-net leases upon renewal or tenant turnover. Located within one of San Francisco’s most desirable retail districts, the asset benefits from strong pedestrian traffic and proximity to a vibrant mix of nationally recognized and local retailers, creating sustained tenant demand. Combining stable in-place income with opportunities for future rent growth and lease restructuring, 1933 Union Street represents a rare opportunity to acquire a well-located retail investment with both dependable cash flow and long-term value appreciation potential in a tightly held market.