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.
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