75 N King St - Storefront Retail/Office FOR SALE


Honolulu, HI 96817
$2,950,000 USD
808-375-9708
75 N King St, Honolulu, HI for Sale
$2,950,000 USD
Storefront Retail/Office - FOR SALE
1/6
null | 4.47% Cap Rate

75 N King St
Honolulu, HI 96817


HIGHLIGHTS

  • Heavily modernized with upgraded fixtures and features throughout the entire building.
  • Steady cash flow in place, anchored by award winning Senia restaurant who built-out their restaurant in mid 2016 and opened for business December 2016
  • Fee Simple - Limited fee simple opportunities in the Honolulu submarket.
  • Senia remodeled and upgraded their kitchen equipment and dining room furniture and fixtures in the fall of 2022.
  • Multi-Tenant Mixed Use - 100 % Occupied
  • Tax incentives - 50% discount of real property tax via the state historic preservation division

OVERVIEW

• Completely Renovated. Heavily modernized with upgraded fixtures and features throughout the entire building. Built in 1901, renovations started in 2015 and were completed in 2016. • 100% Occupied: Mix-used zoning allows flexibility for retail, residential or mixed-use operations. Anchored by award-winning restaurant, Senia, who opened their doors December 2016. • Fee Simple: Rare opportunity to own fee simple in urban core of Honolulu. • Prime visibility: The property boasts approximately 29 feet of street frontage on N. King Street, ensuring high visibility to both pedestrian and vehicular traffic. • Parking: City-owned public parking at Marin Tower, located adjacent to this building with its entrance on Smith Street, is available for both short-term and long-term use. • Owner-User: Buyer could occupy the upstairs and keep Senia as a tenant, or take over restaurant space upon lease expiration.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$782 USD /SF

CAP RATE

4.47%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1901

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

BMX-4

APN/PARCEL ID

1-1-7-002-009-0000

ASK ABOUT THIS PROPERTY

Mark BrattonColliersMore Info
808-375-9708

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Mark BrattonColliersMore Info
808-375-9708

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