APARTMENT/RETAIL/COMMERCIAL BUILDING | 1 N King St
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APARTMENT/RETAIL/COMMERCIAL BUILDING 1 N King St
11,594 SF Retail Building Honolulu, HI 96817 $3,000,000 ($259/SF)
Executive Summary
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.
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.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
11,594 SF
Building Class
B
Year Built
1925
Price
$3,000,000
Price Per SF
$259
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.97
Lot Size
0.28 AC
Opportunity Zone
Yes
Zoning
U/34/30 - BMX-4
Frontage
Amenities
- Bus Line
- Signalized Intersection
Walk Score ®
Walker's Paradise (98)
Transit Score ®
Excellent Transit (78)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 1-1-7-002-039-0000 | Improvements Assessment | $615,200 |
| Land Assessment | $2,840,300 | Total Assessment | $3,455,500 |
PROPERTY TAXES
Parcel Number
1-1-7-002-039-0000
Land Assessment
$2,840,300
Improvements Assessment
$615,200
Total Assessment
$3,455,500
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One North King LLC
APARTMENT/RETAIL/COMMERCIAL BUILDING | 1 N King St
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