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.
1246 S. King Street-
Freestanding Restaurant/Retail Building/
$1,250,000/
1,326 SF Building Size/
2,711 SF Land Area/
4 Parking Stalls
1012 Akala Lane-Multifamily Single-Story Duplex-One 2 Bed/1-Bath & One 3-Bed/1-Bath/
$1,000,000/
1,728 SF Building Size/
3,440 SF Land Area/
2 Parking Stalls