75 N King St
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75 N King St
3,770 SF Vacant Retail Building Honolulu, HI 96817 $2,950,000 ($782/SF) 4.47% Cap Rate
Investment Highlights
- Heavily modernized with upgraded fixtures and features throughout the entire building.
- Fee Simple - Limited fee simple opportunities in the Honolulu submarket.
- Multi-Tenant Mixed Use - 100 % Occupied
- 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
- Senia remodeled and upgraded their kitchen equipment and dining room furniture and fixtures in the fall of 2022.
- Tax incentives - 50% discount of real property tax via the state historic preservation division
Executive Summary
• 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.
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,770 SF
Building Class
C
Year Built
1901
Price
$2,950,000
Price Per SF
$782
Cap Rate
4.47%
NOI
$131,735
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.73
Lot Size
0.05 AC
Opportunity Zone
Yes
Zoning
BMX-4
Frontage
175 FT on N King St
Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (78)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 1-1-7-002-009-0000 | Improvements Assessment | $602,200 |
| Land Assessment | $649,000 | Total Assessment | $1,251,200 |
PROPERTY TAXES
Parcel Number
1-1-7-002-009-0000
Land Assessment
$649,000
Improvements Assessment
$602,200
Total Assessment
$1,251,200
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75 N King St
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