1150 S King Street
Honolulu, HI 96814
- List Price
$100,000
- Price Change
▼ $20,000 1720591141
- Days on Market
131
- 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
Listing courtesy of Ideal Properties, Inc..
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