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5515 College Avenue, Oakland CA

+/- 3,450 • $575,000 • Available
Price
$575,000
Size
+/- 3,450 rsf
Highlights

Popular Bar opportunity in Rockridge commercial district. Just 1 block to BART. Excellent visibility and signage on busy College Avenue. Long, custom-built wood bar. Exquisite brick fireplace. Performance stage. High ceilings, cabin-style interior and inviting atmosphere.

Key money: $575,000 includes FF&E and Type 48 ABC License. See brochure for complete FF&E.

  • ± 3,000 rsf bar with separate ± 200 rsf office space
  • Adjacent ± 250 rsf retail space included in lease is currently leased to a record shop
  • Cabaret License
  • Large wooden bar with 11 seats. Rated for 68 seats
  • 2 open seating areas:
    – Main room has mix of high-top and low-top table seating with performance stage and fireplace
    – Game room with large-screen TV, cocktail arcade table, shuffleboard, board games – mix of table and sofa seating
  • A-frame ceiling with exposed wood beams, 2 skylights and 3 ceiling fans
  • New wood floor, excellent sound system and plentiful storage space
  • 2 restrooms
  • Outdoor garbage storage

Location Highlights

  • Next to Cole Hardware, Phoenix Optical, Tootsies, and Lesley Evers Women’s Clothing. Across from Pegasus Books, La Boulangerie, Crepevine and Cactus Taqueria. Down the block from Market Hall and Oliveto Restaurant; 2 blocks to Trader Joe’s. College Avenue is filled with over 80 cafés, restaurants and shops
  • Easily accessible from the SF Bay Area via BART and this beloved bar is ideally located just 1 block from the Rockridge station
  • College Avenue connects to UC Berkeley
  • Walk Score 99
  • High traffic counts per day of 128,000 (at College Avenue/Highway 24)

Rent Details

  • Current Rent: $10,094/month
  • Estimated Taxes: $200/month
  • Lease expires 12/31/21
  • Option: 7 years; 3% annual rent increases
  • Current rent from adjacent tenant (m-t-m lease): $800

Please do not disturb tenant; contact broker for tours.

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