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1150 S King St Honolulu, HI 96814

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For Sale
$70,000

Restaurant space with grease trap in Honolulu for sale.

Property Features for 1150 S King St

General Information

Standard status
Active

Building Details

Year built
1966

Source: IDEAL PROPERTIES, INC. Agent MICHELLE WJ WONG

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Restaurant Space in Pacificana Atlas

Located in the lobby of the Pacificana Atlas building, between Pensacola St. and Piikoi St., this restaurant space includes a grease trap. The restaurant and kitchen underwent renovations exceeding $150,000 in 2016 and 2017. The sale includes improvements and the remaining lease, with all improvements and fixtures sold in "as is" condition without warranties. The sale excludes the business name and goodwill. The current lease, set at $1,813.45 plus GE tax and CAM (approximately $1,710, including water, electric, and property taxes per lease), has annual step-ups to $1,867.85 and then $1,923.89, ending on June 30, 2028. The lease usage is for a Japanese sushi restaurant, and the seller will assist the buyer in obtaining the landlord's permission for other usages. The tenant is responsible for gas, phone, parking, insurances, maintenance, and property tax adjustment, as per the lease.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Shigemura & Sakamaki Accountant Katherine Murray Chiropractor Oahu Clinic Hospital Scott Wardwell, DDS Dentist Katherine M. Masaki, ... Orthodontist

Map

City
Honolulu
County
Honolulu
State
Hawaii
Longitude
-157.8447765
Latitude
21.30061

FAQs

What type of property is this?
Restaurant - Restaurant space with grease trap in Honolulu for sale.
Where is this restaurant located?
The property is located at 1150 S King St Honolulu, HI.
What is the asking price?
The asking price for this property is $70,000.
What are key features of this property?
This property features: - Prime location in the lobby of the Pacificana Atlas building, between Pensacola St. and Piikoi St.; - Existing grease trap, essential for restaurant operation.; - Significant renovation of the restaurant and kitchen completed in 2016/2017 (over $150K).
More about this property
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