Sep 7, 2007 4:54 pm US/Pacific
Your Black Muslim Bakery Goes On The Selling Block
OAKLAND (BCN) ―
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Headquarters of Your Black Muslim Bakery.
AP
Five weeks after it was raided by more than 200 police officers and four weeks after it was placed in the hands of a bankruptcy trustee, the headquarters of the troubled Your Black Muslim Bakery is for sale.
Feleciai Favroth of Next Level Real Estate in Oakland said that she placed the property on the market Thursday for $899,000 and will show it to a prospective buyer Friday.
Favroth said the property is an L-shaped lot of nearly 14,000 square feet and is the site of the bakery building at 5838 San Pablo Ave. and a residential duplex at 1083 59th St.
The bakery was founded by Yusuf Bey in 1968 but it fell on hard times after his death in 2003.
Two of his successors were murdered and a third successor, his son Yusuf Bey IV, 21, faces serious criminal charges in numerous cases throughout the Bay Area.
Bakery handyman Devaughndre Broussard is charged with murdering Oakland Post Editor Chauncey Bailey in broad daylight in downtown Oakland on Aug. 2.
Oakland police said Broussard told them that he shot Bailey multiple times because he was upset that Bailey was working on an article about the bakery's financial problems.
On Aug. 3, the day after Bailey was killed, police raided the bakery, arrested Broussard on murder charges and arrested Yusuf Bey IV and two other associates on charges that they kidnapped and tortured two women in Oakland on May 17.
Authorities also closed the bakery at that time because of health and safety violations.
On Aug. 9, U.S. Bankruptcy Court Judge Edward Jellen denied a request by the bakery to reconsider his previous order that it liquidate its assets to satisfy its creditors, even though the bakery received letters of support from several prominent politicians, including Oakland Mayor Ron Dellums and Congresswoman Barbara Lee, D-Oakland.
The bakery owes $200,000 to the Internal Revenue Service and $700,000 to its mortgage holder.
The bakery has been in the hands of bankruptcy trustee Tevis Thompson for the past month.
"Based on the notoriety of the property, I will show it personally and won't have any open houses," Favroth said.
She indicated that the property is zoned for mixed use and she thinks the ideal buyer would continue to utilize it for mixed use.
She said a buyer could use it for commercial use on the bottom floor and earn residential income by renting out the space on the upper floor.
"That area is being revitalized, so it's a great opportunity to have both business and residential income," Favroth said.
She said the building has a little more than 3,000 square feet of space each on the lower and upper floors.
(© CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed. Bay City News contributed to this report.)
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