1 N King St - Storefront Retail/Office FOR SALE


Honolulu, HI 96817
$3,000,000 USD
808-384-5174
1 N King St, Honolulu, HI for Sale
$3,000,000 USD
Storefront Retail/Office - FOR SALE
1/16
null | Request Cap Rate

1 N King St
Honolulu, HI 96817


OVERVIEW

From $5,500,000 for Both Buildings to $4,500,000 and in August 2023, we converted this to TWO SEPARATE CONDOMINIUMS, and they can be purchased separately now for $3 million and $2 million. Per your request, attached is the Fact Sheet for this FEE SIMPLE property For Sale. The entire second floor of both buildings is vacant, and perfect/we have been saving for an Owner-User. HOWEVER, WE HAVE PLANS TO CONVERT THE ENTIRE SECOND FLOOR INTO 4 SEPARATE APARTMENT UNITS. Because of COVID, we are not getting a lot of income at the moment for the ground floor, $9,000/mo gross plus electric for the Nuuanu corner to Nuuanu Cafe, a Vietnamese "Club" (1 year left on lease but I think can be bought out), and McClain Auctions (non-retail) is in the other building paying only $3,500/mo (Lease expires 12/31/23). There is also a full basement in the Nuuanu Bldg that is vacant (un-repaired) that has two bathrooms that formerly housed a day-care center. If you would like to see the property, we are normally working in the Management Office upstairs on Monday and Tuesday from 9:00 am to Noon.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$259 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

APARTMENT/RETAIL/COMMERCIAL BUILDING

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Bar, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,000 SF

ZONING

U/34/30

APN/PARCEL ID

1-1-7-002-039-0000

ASK ABOUT THIS PROPERTY

Simon BebbOne North King LLCMore Info
808-384-5174

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Simon BebbOne North King LLCMore Info
808-384-5174

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.