Turnkey Oakland Entertainment
645 W Grand Ave, Oakland, CA 94612
Fully restored 1893 building, ideal for dining and entertainment.
Type:Commercial
Property size:
9,567 SFLot size:
0.10 AcresPrice / SF:
$417/SF- Added:
- Mar 11, 2026
- Days on Market:
- 119
- Last Refresh:
- Jul 3 at 1:56 am
Property Features for 645 W Grand Ave
General Information
- Standard status
- Active
- Size
- 9,567 SF
- Lot size
- 0.10 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1893
Listing office (510) 543-7016
Listing date Mar 11, 2026
Source Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Negar Souza
HighLights
- Turnkey, fully operational venue ready for dining, nightlife, and live entertainment.
- Historic 1893 building with restored character and modern upgrades.
- Multiple flexible spaces: restaurant, stage, ballroom, side room, and green room.
- Substantial investment in professional sound, lighting, and build‑outs.
- Four fully equipped bars with POS systems and a commercial kitchen.
- Prime location in the heart of Oakland.
Overview
This fully restored 3-story building, originally constructed in 1893, offers approximately 9567 square feet of space suitable for dining, nightlife, and live entertainment. Located in Oakland, the property blends historic architectural details, such as soaring ceilings, original wood floors, and expansive windows, with modern upgrades that include an ADA lift, updated restrooms, and an expanded back-of-house area. The venue provides multiple flexible spaces, including a restaurant, an upstairs stage, a ballroom, a side room, and a green room. Over $300,000 has been invested in professional sound, lighting, and build-outs. The property features four fully equipped bars with POS systems, tap towers, chillers, walk-ins, and ice machines. A commercial kitchen is outfitted with a 12-foot hood, 6-burner stove, fryers, griddles, a dishwasher, and coolers. Entertainment infrastructure includes Meyer speakers, Midas and Behringer consoles, Pioneer DJ systems, Shure & Sennheiser microphones, and LED moving lights, with haze and fog effects. It is production-ready and designed to host intimate gatherings and large-scale events, presenting an opportunity for restaurateurs, bar operators, and entertainment groups.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $298.5k | $31.20 |
| − Vacancy | −$14.9k | −$1.56 |
| EGI | $283.6k | $29.64 |
| − OpEx | −$70.9k | −$7.41 |
| NOI | $212.7k | $22.23 |
9,567 SF · lease $31.20/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$3.04M
$2.66M – $3.54M
NOI $212,674 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$3.13M
$2.74M – $3.65M
NOI $219,254 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Bars & Pubs
Similar Places Nearby
- Steph's Great Food — 1732 Webster St, Oakland, CA 94612
- The Beverage Works — 665 10th st, oakland, ca 94607
- Holly's BBQ — 1901 Harrison St Suit 1100, Oakland, CA 94612
- Jusla Eats / Jusla Catering — 1955 Broadway, Oakland, CA 94612
- Hopscotch Catering & Takeout — 1915 San Pablo Ave, Oakland, CA 94612
Location Insight
- Map
- Local Demand
- City
- Oakland
- County
- Alameda
- State
- California
- Longitude
- -122.272
- Latitude
- 37.812
Nearby Similar for Sale
FAQs
What type of property is this?
Restaurant - Fully restored 1893 building, ideal for dining and entertainment.
Where is this restaurant located?
The property is located at 645 W Grand Ave Oakland, CA.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: Turnkey, fully operational venue ready for dining, nightlife, and live entertainment.; Historic 1893 building with restored character and modern upgrades.; Multiple flexible spaces: restaurant, stage, ballroom, side room, and green room.
