Metro Home For Sale: 1194 Mikole, Metro, in Oahu

MLS: 202514887 (Active - For Sale)

Asking Price: $300,000 Leasehold
Lease Expires: 02/02/2026
Type: Commercial
District: Metro
Address: 1194 Mikole Street, Honolulu, HI
Neighborhood: Sand Island
Beds: 0 Land Area: 10,000 SF
Parking: On Site,Street
Days on Market: 223
(The Price of the property was lowered by $595,000 on 09/29/2025)
Year Built: 0
Zoning: 42 - I-2 General Industrial Dis
Land Recorded: Land Court
Property Taxes: $2,005
Assessed Value: $1,940,600
Assessed Ratio: 15.46%
Listing Courtesy: Locations LLC

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Situated in Sand Island Business Park 'SIBA'j. Corner lot with access from Mikole St and Makepono St. Presently situated on the property are a stand alone structure with half bath and a Diesel storage tank (empty) and pump. Except for monthly Assessment that is re-evaluated annually by the SIBA, Lease Rents are fixed through 2047. 3rd Step-Up of $5,970/mo. from 7/1/2037 to 6/30/2042 and last step up rent of $7,314 /mo. from 7/1/2042 to 6/30/2047.

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