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MLS: 202515934 (Active - For Sale)
 
Asking Price: $70,000 Leasehold
Lease Expires: 11/12/2025
Type: Commercial
District: Metro
Address: 1150 S King Street, Honolulu, HI
Neighborhood: Makiki Area
Beds: 0   Land Area: 2.39 Acres
Parking: Assigned,On Site,Street
Amenities: Public Restroom
Days on Market: 124
Year Built: 1966
Zoning: 33 - BMX-3 Community Business M
Land Recorded: Land Court
Property Taxes: $0
Assessed Value: $12,683,000
Assessed Ratio: 0.55%
Listing Courtesy: Ideal Properties, Inc.
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Popular restaurant WITH GREASE TRAP perfectly located in the lobby of Pacificana Atlas building, between Pensacola St. and Piikoi St. More than $150K renovation of the restaurant and kitchen in 2016/2017. Sale is for the improvements and remaining lease. All improvements, fixtures are sold in "as is" condition without any warranties. Sale does Not include the business name and/or good will. Lease usage is for Japanese sushi restaurant; seller will assist buyer for Landlord's permission for other usage. Current lease rent is reasonably set at $1,813.45 GE tax, CAM (currently approx. $1,710 INCLUDING WATER, ELECTRIC, property taxes, etc. per lease). Tenant responsible for gas, phone, parking, insurances, maintenance, property tax adjustment, etc., per lease. Lease rent annual step up to $1,867.85 and then $1,923.89, ends 6/30/2028. Do not disturb employees or business during operating hours.


 
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Copyright: 2015 by the HiCentral MLS, Ltd.
 
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