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Restaurant/Retail/Residential Uses 1283 S King St 7,610 SF 100% Leased Retail Building Honolulu, HI 96814 $6,800,000 ($893.56/SF) 3.36% Cap Rate
Investment Highlights
- Irreplaceable Urban Core Location
- Redevelopment potential including 53 unit Bill 7 project and 201-H
- 100% Occupied
- High demand area for restaurant, retail and residential uses
- BMX-3 Zoning
- On site parking in a parking constrained area
Executive Summary
Investment property for sale. Fee Simple. Irreplaceable urban core location. High demand area for restaurant, retail and residential uses. Redevelopment potential including 53 unit Bill 7 project and 201-H. 100% occupancy with on site parking in a parking constrained area.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
7,610 SF
Building Class
C
Year Built
1963
Price
$6,800,000
Price Per SF
$893.56
Cap Rate
3.36%
NOI
$228,531
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
9’
Building FAR
0.73
Lot Size
0.24 AC
Zoning
BMX-3 - BMX-3 (Community Business Mixed Use) allows for residential uses in addition to business uses.
Parking
28 Spaces (4.43 Spaces per 1,000 SF Leased)
Frontage
85’ on King St
Amenities
- Corner Lot
- Restaurant
- Signage
Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (75)
Bike Score®
Biker's Paradise (91)
Nearby Major Retailers
Property Taxes
| Parcel Number | 1-2-3-013-027-0000 | Improvements Assessment | $513,500 |
| Land Assessment | $3,105,500 | Total Assessment | $3,619,000 |
Property Taxes
Parcel Number
1-2-3-013-027-0000
Land Assessment
$3,105,500
Improvements Assessment
$513,500
Total Assessment
$3,619,000
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Restaurant/Retail/Residential Uses | 1283 S King St
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