Retail Property For Sale on Telegraph

Retail | For Sale | $875,000 | 3,400 sqft

A free-standing, two-story masonry building located on Telegraph Avenue in
Koreatown-Northgate disctrict, and adjacent to Downtown Oakland' s Uptown
district. The location has operated as a popular bar/lounge since the 1980s and
in 2008 the space was completely renovated with over $650,000 invested into the
property. The property is leased on a Triple-Net basis (NNN) with 3-years remaining,
and a 5 year extension option. The current lessee has successfully operated at
this location over the past 2 years, and has successfully attracted a diverse mix of
young professional to their upscale lounge.

Centrally located in one of the most accessible areas of Oakland near the corner of
Telegraph and West Grand Avenues, and near 3 major Highways, including the Bay
Bridge. This property is also a few blocks to Oakland' s City Center and Uptown
district. This property is located in the midst of Oakland' s budding Art' s community
that is home to the monthly Oakland Art Murmur. This event has become a regional
draw for local artists and is becoming a catlyst for revitalization and significant
private investment in the immediate neighborhood.

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