Property profile

1780 Telegraph Ave Oakland, CA 94612

OFF-MARKET
Retail properties & Spaces
3,424 SF Built 1981
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Property summary

AI-generated overview

This exceptional 3,424 square foot bar and lounge, located at 1780 Telegraph Avenue in Oakland, California (zip code 94612), presents a unique investment opportunity. Situated on the ground floor of a five-story residential condominium building in Alameda County, this established business, currently operating as Night Heron under a Type 48 License, boasts a recent and extensive renovation completed in 2020. The property sits on a 34,690 square foot lot and is zoned C-40. The interior features stunning Oakland-based artist murals, expansive banquette and high-top seating areas, perfect for a lively atmosphere. A private lounge with a separate bar provides a more intimate setting for private events. The efficient prep kitchen is equipped to handle bar snacks and small bites. The sale includes extensive fixtures, furniture, and equipment (FF&E), point-of-sale (POS) system, and sound system (details to be determined). Over $1,000,000 has been invested in the space. This turnkey operation is offered for sale by owner. The property's address is 1780 Telegraph Ave, Oakland, CA 94612, and its APN is 008-0740-003-00. The lease is a NNN (Net, Net, Net) single tenancy agreement. The building was originally constructed in 1981.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1981
Total area 3,424 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bar & Pub

Location

1780 Telegraph Ave Oakland, CA 94612
Oakland metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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