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1150 S King Street, Honolulu, HI, 96814
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1150 S King Street, Honolulu, HI 96814

$100,000  $20,000 Commercial for sale 963 sqft Neighborhood:  Makiki Area
4 min walk to Sheridan Community Park
30 min walk to Ala Moana Beach
8 min drive to Ala Wai Golf Course
5 min drive to Point Panic
23 min walk to Concessions
About lifestyles
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.
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Details

1966 year built
  • Year Built 1966
  • Original list price $120,000
  • Days on market 152
  • Price per sqft $104/sqft
  • Address

    1150 S King Street, Honolulu, HI, 96814

  • Frontage Building Lobby
  • Neighborhood Makiki Area
  • Land area 104,134 sqft / 2.391 acres
  • Total Interior Area 963 sqft
  • City of Oahu Honolulu
  • Region Honolulu
  • Island Oahu
  • Land tenure LH - Leasehold

Open Houses

No upcoming open houses

Monthly payment

Calculate your monthly payments
Mortgage
$510
Taxes
$0
HOA dues
$1,709
$2,219 per month
Mortgage
Down payment
$20,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount $510 / month

Neighborhood: Makiki Area

Nearby & commute
Walkability
Coffee shops
no data
Bus stop
no data
Supermarket
no data
Costco
no data
Hospital
no data
Park
no data
Beach
no data
Elementary school
no data
Middle school
no data
High school
no data
Local airport
no data
13.33 / 20
Somewhat walkable
18-20
15-18
10-15
1-10
Walkability according to the National Walkability Index

Amenities & Features

Concrete, Other floors
Roof
Other
Property Condition
Excellent
Business Type
Restaurant
Construction/Exterior Finish
Other
Air Conditioning
Central AC, Individual
Loading
None
Floor Covering
Concrete, Other
Income Information Source
Other
Expense Information Source
Owner
Easements
None
Documents Available
Lease Documents
Lessee/Tenant Pays
AC Maintenance, Common Area Maintenance, Excise Tax, Fire Ins, Gas, Janitorial/Trash Removal, Lease Rent, Liability Ins, Other, Real Estate Taxes
Parking
Assigned, On Site, Street
Utilities Included
Gas, Light Electricity
Amenities
None

Makiki Area prices

Average price $827.92k
Neighborhood average sales price*
$827.92k
Neighborhood median sales price*
$900k
Number or sales*
21
Street median sales price*
$600k
*last 6 months

Schools

15 schools with rating up to 8
School rating Distance
3
out of 10
Queen Kaahumanu Elementary School
1141 Kinau St, Honolulu, HI 96814
Elementary School
0.152mi
NR
Hawaiian Mission Academy K-8
1415 Makiki Street, Honolulu, HI 96814
Middle School
0.507mi
3
out of 10
President William Mckinley High School
1039 South King St, Honolulu, HI 96814
High School
0.256mi
School rating Distance
3
out of 10
Queen Kaahumanu Elementary School
1141 Kinau St, Honolulu, HI 96814
0.152mi
NR
Hawaiian Mission Academy K-8
1415 Makiki Street, Honolulu, HI 96814
0.507mi
NR
Redemption Academy
423 Kamakee Street, Honolulu, HI 96814
0.551mi
NR
Maryknoll School
1402 Punahou Street, Honolulu, HI 96822
0.723mi
NR
Playmate Kindergarten, Day Care
1704 Keeaumoku Street, Honolulu, HI 96822
0.743mi
School rating Distance
NR
Hawaiian Mission Academy K-8
1415 Makiki Street, Honolulu, HI 96814
0.507mi
NR
Redemption Academy
423 Kamakee Street, Honolulu, HI 96814
0.551mi
8
out of 10
President George Washington Middle School
1633 South King St, Honolulu, HI 96826
0.661mi
NR
Maryknoll School
1402 Punahou Street, Honolulu, HI 96822
0.723mi
6
out of 10
Robert Louis Stevenson Middle School
1202 Prospect St, Honolulu, HI 96822
0.744mi
School rating Distance
3
out of 10
President William Mckinley High School
1039 South King St, Honolulu, HI 96814
0.256mi
NR
Hawaiian Mission Academy
1438 Pensacola Street, Honolulu, HI 96822
0.347mi
NR
Maryknoll School
1402 Punahou Street, Honolulu, HI 96822
0.723mi
NR
Punahou School
1601 Punahou Street, Honolulu, HI 96822
0.828mi
NR
Maryknoll Grade School
1722 Dole Street, Honolulu, HI 96822
0.844mi
School ratings provided by Greatschools.org © 2023. All rights reserved.

Price history

Price Decrease Jul 9, 2024
Date Event Price $/sqft Source
Jul 9, 2024 Price Decrease $100,000 -16.67% $103.84 MLS #202410952
Jun 10, 2024 New Listing $120,000 $124.61 MLS #202410952
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Tax & MLS details 1150 S King Street, Honolulu, HI, 96814

33 - BMX-3 Community Business M zoning / MLS #202410952
Property Tax Year
2023
Assessed Improvement value
$7,690,200
Assessed Land value
$4,992,800
TMK
1-2-4-003-003-0002
Land Recorded
Land Court
Zoning
33 - BMX-3 Community Business M
Flood Zone
Zone X
Lease expiration
2028-06-30
Monthly lease payment
$1,709
Total Assessed value
$12,683,000
Listed by
Ideal Properties, Inc.
(808) 593-9776
MLS #
202410952
Hawaii House tour report for this commercial
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Stunning views
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Open floorplan
Needs Work
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Recently sold nearby 1150 S King Street in Makiki Area

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Frequently asked questions for 1150 S King Street

What is 1150 S King Street?

1150 S King Street is a Commercial/Industrial

What is the rental income?

What is the full address of this commercial?

1150 S King Street, Honolulu, HI, 96814.

What comparable properties are nearby?

Comparable nearby commercial properties include 2250 Kalakaua Ave unit LL11, 99-128 Aiea Heights Dr unit 601.

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2024 by HiCentral Mls, Ltd. Listing courtesy of Ideal Properties, Inc.. Some active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation. Hawaii House Inc. is a real estate brokerage firm licensed to conduct business in the State of Hawaii. Information deemed reliable, but not guaranteed.

Listings last updated on July 23, 2024.
Hawaii House Last checked 1 minute ago.

Commercial for sale $100,000  $20,000 1150 S King Street, Honolulu, HI, 96814 963 sqft Save House Remove from Saved