Piedmont Avenue is high on the list of Oakland's top food and retail destinations. This stretch of Piedmont Avenue has a variety of Michelin recognized restaurants, family eateries, bars, great coffee and so much more. The list of top food and beverage concepts include Mago, Commis, Pommet, Pomela, the Wolf, Blue Bottle Coffee and so much more. The community of Piedmont is affluent, with a median household income of over $225,000. The area is sandwiched by all of Oakland's top hot spots, such as Rockridge, Montclair and Lakeshore. The list of top food and beverage concepts include Mago, Commis, Pommet, Pomela, The Wolf, Blue Bottle Coffee and so much more.
This is a rare opportunity to expand an existing food service location, currently Simply Greek with the neighboring retail space. Simply Greek has operated in this space for decades. The Landlords are seeking a top tier food concept or restaurant group to design and execute a new layout for these two available spaces, as to add more usable seating or lounge space for a new operator.
The vacant retail space is a blank canvas and has existing plumbing and electrical. The existing food service space is ~650SF, and has a Type 1 Hood as well as some existing restaurant infrastructure. The neighboring available space is ~650SF, and was previously a salon. The space is open, airy and well lit.
The landlord will support this through Extended Abated Rents. The Landlord will base the amount of months offered on the vision, plans and budget of the tenants plans to combine the spaces. The incoming tenant and concept will have to execute the design, permitting and execution of creating a new restaurant or exciting food concept within these spaces. The interest in this location and opportunity to add square feet to the existing cafe space will be high, so reach out now!
We are seeking an exciting concept and vision for this wonderful Piedmont Avenue space.
- Current OwnerN/A
- EmployeesEstimated - Could operate w/4-6 depending on concept
- Reason For SaleNone
- SeatingEstimated ~36-49
- Square Feet+/- 1,300 + Parking Spaces in back
- ParkingFree and Metered Street Parking
- LicensesFood service, business lic and applicable ABC License
- Open HoursUp To Tenant
- Rent$4.50-$4.75sf (Free Rent Available)
- Expiration5-10 year lease available plus Options
- Yearly Increase3-4%
- OptionYES - New Lease for New Owner
- Deposit2-3 Month Rent
- Monthly RevenueN/A
- Monthly Cash FlowN/A
- Annual RevenueN/A
- Annual Cash FlowN/A
- Down PaymentContact For Info
- Note BalanceContact For Info
- Terms of NoteContact For Info
- All CashContact For Info
DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.