Oakland Liquor Store/Market plus 2 bldgs and 2 lots

Oakland, CA (Alameda County)

2 x lots, Liquor store, addt'l retial,3/2 apartment, and lrg 1/1 stand alone unit.

Asking Price:$1,350,000

Cash Flow:$101,640

Gross Revenue:$145,200

EBITDA:N/A

FF&E:$50,000

Inventory:$50,000

Real Estate:$1,200,000

Established:2005

Oakland Liquor Store/Market plus 2 bldgs and 2 lots

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Business Description

Prime Fruitvale location. Total 7,600 sf land, 3,850 sf under roof. Excellent owner/user opportunity, or development opportunity. Two parcels located on an Oakland street
with great exposure in a popular neighborhood, 1/2 mile from Fruitvale BART station. Popular market with liquor license ($,500/month - $2,500 rent + $2,500 to operate business,) large 3/2 apartment above that has had extensive remodel work already completed ($3,000/mo market rent.) 1/1 (non-conforming unit leasing 2/1/17 at $1,600,) and vacant retail unit (1,000 sf, needs work, market rent = $2,500/month. Exterior and interior remodeling work done, incl. extensive interior on 3/2, electrical, stucco work and new roof recently completed. Easement to back parking lot for apt and 10 car off street parking. Previously approved plans (2007) to develop a 12-unit luxury mixed-use bldg. Located just within Zone 4 with ABATED affordable housing city fees for developers.

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Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
3,850
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Includes prime Fruitvale real estate (7,600 sf land, 3,850 sf under roof,) liquor store (1,150 sf,) extensively remodelled 3/2 apartment delivered vacant (1,150 sf,) plus additional building (1,000 sf retail) and 650 sf 1 bed/1 bath not incl on tax reecords) LESS THAN A MILE FROM BART (Home Based)
Competition:
Busy Fruitvale area in Oakland, CA less than a mile from BART. Densely populated area with continued growth. Established market with opportunity for redevelopment and value-add with market rents and improvements on second building. 3 miles from Brooklyn Basement development.
Growth & Expansion:
Included are previously approved plans for a luxury 10 unit building with 12 on-site parking and 2 retail units.
Support & Training:
Will provide, if needed, for 90 days.
Reason for Selling:
Seller is downsizing retiring
Home-Based:
This business is Home-Based
Business Website:
http://nainorcal.com

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Business Listed By:
Eileen Dervisevic

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