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700 Franklin St 11,250 SF of Retail Space Available in Oakland, CA 94607
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 11,250 SF | 10’ | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor
UNDER NEW OWNERSHIP!! FLYER COMING SOON. Property Highlights • Property Type: Retail / Restaurant • Size: 11,250 SF (two-story building) w/ elevator • Lots next door available: 2 separate parcels totaling 3,700 Square Feet • Zoning: D-LM-2 - Downtown mixed-use • Historic Location: The building was formerly home to the iconic Legendary Palace restaurant and boasts significant local history. Opportunity This landmark property offers a unique opportunity for entrepreneurs to establish a new venture in a historic and vibrant part of Oakland. The building is fully vacant under new ownership and ready for a new occupant to make their mark. The building was most recently occupied by the Cinnamon Tree Dim Sum restaurant and was also known as home to the Legendary Palace Restaurant but the flexible layout and mixed-use zoning allow for a wide range of retail or business concepts. Landlords are ready to work with the right tenant to bring this historic property back to glory. Location, Location, Location • Chinatown Gateway: Highly visible corner location at Franklin and 7th Street, placing you at a prominent intersection within Oakland's bustling Chinatown. • High Visibility: Features 93' of frontage on 7th Street and 72' on Franklin Street. • Transit-Oriented: Located with convenient access to public transportation, including the 12th St. BART Station and various AC Transit bus lines. Potential Uses • Full-service restaurant or cafe • Retail store • Creative office space • Special events venue
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Private Restrooms
- Finished Ceilings: 10’
- Flexible Use
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 11,250 SF | Gross Leasable Area | 11,250 SF |
| Property Type | Retail | Year Built | 1921 |
| Property Subtype | Restaurant | Parking Ratio | 2.24/1,000 SF |
| Total Space Available | 11,250 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 11,250 SF |
| Year Built | 1921 |
| Parking Ratio | 2.24/1,000 SF |
FEATURES AND AMENITIES
- Signalized Intersection
NEARBY MAJOR RETAILERS
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700 Franklin St
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