1150 S King Street

Honolulu, HI 96814

List Price

$120,000

Days on Market

15

MLS#

202410952

Status

ACTIVE

Type

Commercial

Building

Pacificana Atlas

Sq Ft Total

963

Land Area

104,134

Land Tenure

LH - Leasehold

Neighborhood

Makiki

Property Description

Popular restaurant spot in 6th year of 10-year lease. Perfect location on South King St. between Pensacola St. and Piikoi St. Restaurant and kitchen newly renovated 6 years ago with approx. $150K improvements + over $16K equipment, furnishings, fixtures. Restaurant grease trap already in place. Current lease rent is very reasonable at $1,709.35/mo. + GET, CAM (currently approx. $1,710 incl. water, electric, property taxes, etc. per lease) for 983 rentable square feet. Tenant responsible for gas, phone, parking fees, insurances, cleaning, real property tax adjustment, etc. per the lease. Annual 3% increase until lease ends 6/30/2028.
Lease usage allows Japanese sushi and restaurant; seller will assist buyer for permission for other usage. Sale is subject to approval and consent of Landlord. Sale is for the improvements and remaining lease. All improvements, fixtures are sold in "as is" condition without warranties. Sale does not include business name and/or good will.
On going, thriving business. Please call Lister for an appointment to view the property. Do Not disturb employees or business during operating hours.

Additional Information

Island

Oahu

Stories Type

21+

Utilities

Gas, Light Electricity

Easements

None

Tenants Responsibilities Include

AC Maintenance, Common Area Maintenance, Excise Tax, Fire Ins, Gas, Lease Rent, Liability Ins, Other, Real Estate Taxes

Lot Size

104,134

Construction Materials

Other

Mls Area Major

Metro

Neighborhood

Makiki

Frontage

Building Lobby

Year Built

1966

Building Name

Pacificana Atlas

Sewer

Connected

Roof

Other

Parking Features

Assigned, On Site, Street

Amenities

None

Lease Fee Month

1709

Lease Expiration Date

2028-06-30

Assessed Total

12683000

Assessed Improvement

7690200

Assessed Land

4992800

Zoning

33 - BMX-3 Community Business M

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808-200-4001

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Listing courtesy of Ideal Properties, Inc..

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