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    1289 King St Honolulu, HI 96814

    For Sale
    $6,800,000

    Honolulu gem: 6,316 SF, 100% occupied.

    Property size:
    6,316 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional mixed-use investment property, located at 1289 South King Street in Honolulu, Hawaii, presents a rare opportunity. The 6,316 square foot building, constructed in 1963, sits on a 10,469 square foot lot and boasts a desirable BMX-3 zoning. Currently operating at 100% occupancy with a multi-tenant configuration, this stabilized investment offers a strong return with a modified lease structure. The property features 28 on-site parking spaces, a significant advantage in a parking-constrained urban core location. The asking price is $6,800,000, translating to $1,076.63 per square foot. The two-story building is suitable for restaurant, retail, and residential uses, presenting significant redevelopment potential, including the possibility of a 53-unit project under Bill 7. The property is offered fee simple and is eligible for a 1031 exchange. This irreplaceable location in a high-demand area ensures strong future prospects for this exceptional investment opportunity. The APN is 1-2-3-013-027-0000. The property's current lease term is zero years.

    Property Features for 1289 King St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    6,316 SF

    Building Details

    Year Built
    1963
    Stories
    2

    HighLights

    • Redevelopment potential: 53‑unit project possible under Bill 7.
    • High‑demand location ideal for restaurant, retail, and residential uses.
    • Currently 100% occupied.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Spice Up, House ... Indian Restaurant

    Map

    City
    Honolulu
    County
    Honolulu
    State
    Hawaii
    Longitude
    -157.8421327
    Latitude
    21.2989361

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    FAQs

    What type of property is this?
    Lifestyle center - Honolulu gem: 6,316 SF, 100% occupied.
    Where is this lifestyle center located?
    The property is located at 1289 King St Honolulu, HI.
    What is the asking price?
    The asking price for this property is $6,800,000.
    What are key features of this property?
    This property features: Redevelopment potential: 53-unit project possible under Bill 7.; High-demand location ideal for restaurant, retail, and residential uses.; Currently 100% occupied.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1289 King St Honolulu, HI 96814
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