Freestanding Restaurant Near Children's Hosp. 5319 Martin Luther King Jr Way

This well located site is within very close proximity to Oakland Children's Hospital Oakland (UCSF), Central Berkeley, UC Berkeley and other regional amenities and within easy highway and public transportation access to San Francisco and the Greater Bay Area.
The property has most recently been used as a full service dining, beverage and entertainment facility and had a fully equipped kitchen and supporting systems to continue such operation - FF&E has been removed.
Alternatively, parties may wish to explore the redevelopment of the site to housing or other more intensive community commercial uses - subject to Buyer's review and discussion with the City of Oakland Planning Department, housing element and other resources.
Qualified and interested parties may contact listing Broker with any additional questions. Thank you for your courtesy and understanding.
The Existing Restaurant property contains a one-story, single-tenant 148-seat restaurant building with two
separate adjacent lots (separate APN's) previously focusing on fine dining and entertainment. The 3,486 square foot
restaurant building contained a long bar, dining areas, commercial kitchen, one office, refrigerated storage rooms,
outside patio tents/fixtures, two restrooms with air conditioning. Separate parcels historically have been used for exterior dining and entertainment - Buyer to verify applicability of continued use with City or for future parking. Exterior façade is painted stucco. The
rectangular shaped building has commercial frontage along Martin Luther King Way with adequate
landscaping; building’s operating equipment (hot water heater, gas meter, power panels) are located in the
utility room on the side of the building. Entire building has adequate space, heating, cooling and lighting.
The restaurant building sits on a 4,092 sq. ft. rectangular shaped parcel with all public utilities and offsite
improvements maintained by the City of Oakland. There are two wide curb cuts leading into the adjacent lots. There was recently no on-site parking due to surface lots being used for exterior dining and entertainment; only street parking around the property by previous operator, but off street parking could be restored.

Visibility is excellent from all directions.
From property inspection and appraisal:
Heating system is gas FAU/CAC units that are in average condition. There are adequate
open space and hallways which allows for equipment and customer movement. Electrical power (2-Phase
110/220 volts) and components are adequate and in average condition with recent updating per former Tenant.
Floors were in average condition inside all spaces. High-speed internet connection is available to the property.
No adverse easements are located on the property per plat map and site inspection. Topography is
level with adequate drainage, sidewalk and street lighting. There were no overt visible signs of water leakage inside
the building. Roof appears to be water-tight with no evidence of water damage presently.
5317 Martin Luther King Way, Oakland, CA 94609 per Alameda County;
commonly known as 5317 Martin Luther King Way, Oakland, CA 94609
(APNs: 014-120000402 [restaurant], 014-120000302 [Lot 1],
014-120000605[Lot 2].
Link to Flyer: https://reporting.loopnet.com/report/74cbf52b-36c0-4f13-a908-064c4cbca6b6