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Key Details
Sold Price $625,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 1,750 sqft
Price per Sqft $357
MLS Listing ID 423919435
Sold Date 05/17/24
HOA Y/N No
Year Built 1928
Lot Size 2,495 Sqft
Acres 0.0573
Property Description
3220 Balboa Street is a single-tenant commercial building located in the Outer Richmond. The property is occupied on a long-term lease by a laundromat. The building is 1,750 square feet and sits on a lot of 2,495 square feet, per tax records. Current rent is $3,400/month with $100 annual increases through 2032. The property sits at the edge of the bustling Balboa corridor near bars, restaurants and other neighborhood conveniences. This is an excellent opportunity to purchase a well-located asset well below its replacement cost. Future development should be possible, buyer to investigate to their own satisfaction.
Location
State CA
County San Francisco
Area Sf District 1
Zoning NC2
Interior
Fireplace No
Building
Story 1
New Construction No
Others
Tax ID 1576010
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