List Price

$100,000

Price Change

▼ $20,000 1720591141

Days on Market

48

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

Seller changing concept of this popular restaurant, so this spot won't do. 4 years remaining from 10-year lease. Perfect location on South King St. between Pensacola St. and Piikoi St. Restaurant and kitchen newly renovated 6 years ago with over $150K improvements, equipment, furnishings, fixtures. Restaurant grease trap already in place. Reasonable lease rent currently $1.821/sq. ft. ($1,709.35/mo.) + GET, CAM, currently approx. $1,710 INCLUDES WATER/SEWER, 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 assignment 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, Janitorial/Trash Removal, 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