1246 S. King Street & 1012 Akala Lane
Retail
Marketing description
1246 S. King Street Is A Perfect Owner-User Opportunity For A Restauranteur Or Retailer. The Building Is Equipped With Restaurant Infrastructure In-Place. The Site Benefits From Excellent Street Visibility Along The Major Thoroughfare, King Street.
1012 Akala Lane Is A Single-Story Multifamily Duplex Consisting Of One 2-Bedroom/1-Bathroom Unit And One 3-Bedroom/1-Bathroom Unit Adjacent To 1246 S. King Street. There Is Tremendous Upside Potential By Renovating The Units And Increasing The Existing Under Market Rents.
Together, The Parcels Pose A Prime Redevelopment Opportunity In Central Honolulu. The Subject Sites Are Zoned Bmx-3, Community Business Mixed Use District. Zoning Allows For 150-Foot Height Limit And A 2.5 Floor Area Ratio.
The Properties Are Being Offered For Sale Together.
**All showings must be arranged through the Listing Broker. Please do not disturb the tenant.**
Investment highlights
- Owner-User Opportunity with Existing Restaurant Fixtures
- Below Market Rents with Upside Potential
- Redevelopment Opportunity
- Fee Simple Offering
- High Vehicle Traffic and Visibility
- Well-Located Asset on Major Thoroughfare
- Convenient Central Honolulu Location
- Excellent Public Transportation
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