Balboa Island Double Lot

$3,600,000.00

Description

HISTORIC MARINE AVENUE BUILDING ON BALBOA ISLAND DOUBLE LOT WITH QUALITY RESTAURANT TENANT AND LONG TERM LEASE! 203 and 205 Marine is located at the best location on the Island’s commercial street on a rare double lot (5227 square feet.) The 3576 square foot restaurant is leased by popular Wilma’s restaurant, a renowned fixture on the Island. Wilma’s has a lease for 10 years at $13,000 per month with a 10 year option. The interior restaurant space is well appointed with several dining lounges, one with fireplace, comfortable bar area, interior covered patio, and office, as well as an outdoor dining patio. This is an excellent opportunity to acquire Balboa Island’s best commercial building and location with a great long term tenant.

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