Restaurant/Retail/Residential Uses 1283 S King St 7,610 SF 97% Leased Retail Building Honolulu, HI 96814 £5,125,704 (£673.55/SF) 3.36% Net Initial Yield
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
£5,125,704
Price Per SF
£673.55
Net Initial Yield
3.36%
NOI
£172,262
Percent Leased
97%
Tenancy
Multiple
Number of Floors
2
Slab to Slab
9 ft
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 ft on King St
AMENITIES
- Corner Lot
- Restaurant
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Convenient South King Street Location. On the bus line. Convenient to: Ala Moana Shopping Center, Waikiki, University of Hawaii and Downtown Honolulu. No smoking, Off-Street parking.
| Space | Size | Space Use | Position | Available |
| 204A | 239 SF | Office/Retail | - | Now |
204A
| Size |
| 239 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
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 | £375,533 |
| Land Assessment | £2,262,848 | Total Assessment | £2,638,381 |
