Metro Home For Sale: 1150 S King, Metro, in Oahu

MLS: 202428901 (Active - For Sale)

Asking Price: $100,000 Leasehold
Lease Expires: 02/01/2025
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: 34
Year Built: 1966
Zoning: 33 - BMX-3 Community Business M
Land Recorded: Land Court
Property Taxes: $0
Assessed Value: $12,683,000
Assessed Ratio: 0.79%
Listing Courtesy: Ideal Properties, Inc.

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Popular restaurant spot, established for many years in the lobby of Pacificana Atlas building. Perfect location on S. King Street, between Pensacola St. and Piikoi St. Owner put in <$150K to renovate and put in kitchen approx. 7 years ago. Grease trap in place. Large kitchen. Spacious 983 sq. ft. with clean modern look. Assume remaining lease at a Very reasonable rate. Lease till 6/30/2028, only 3% annual increase. CAM incl. WATER, ELECTRIC, real property taxes, etc. Sale includes equipment, furnishings. Business & business name is NOT included in the sale. Assignment of Lease is subject to approval of Landlord. Lease usage is for Japanese sushi and restaurant; seller will assist buyer for permission for other usage and Landlord's approval.

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