Just Listed
3227-3235 & 3239-3247 Balboa Street
Commercial Properties for Sale
6
Units Total
$261
Price/SqFt
3227-35 Balboa Street
$284
Price/Sqft
3239-47 Balboa Street
2
Buildings
3227-3235 Balboa Street:
This attractive Art Deco building in the Outer Richmond presents an excellent opportunity for investors. The property consists of three units, originally all commercial, but one unit has been used as residential for many years. The building is fully occupied providing stable income with upside potential. The commercial tenants are an Upholstery shop that is on a month to month tenancy, and an Insurance agency that recently extended their lease. The property maybe purchased together with the property next door at 3239-3247 Balboa Street and a
commercial building across the street at 3220 Balboa (all may be purchased separately). This property presents a turn-key investment opportunity with upside in rents. Priced at only $261 per square foot, this is an incredible value.
3239-3247 Balboa Street:
This attractive Art Deco building in the Outer Richmond presents an excellent opportunity for investors. The property consists of three commercial units and is fully occupied, providing a turn-key investment opportunity. The business are a wine retailer, Segway rentals, and a Staging business. The property has a stable tenancy with the earliest lease expiration being in 2026. The property is well-maintained and professionally managed. This may be purchased with the property next door at 3227-3235 Balboa Street and a commercial building across
the street at 3220 Balboa (all may be purchased separately). This is an incredible value priced at only $284 per square foot with upside in rents.
3220 Balboa Street
$700,000 | Single Tenant Commercial Building
1
Commercial Tenant
$3,000
Rent per Month
1,750
Square Feet
$400
Price per Square Foot
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.
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.