Large BMX-3 zoned property offers great development potential near downtown Honolulu. First Hawaiian Bank Is adjacent to subject lot and has been sold to the City. Buyer to do their own due diligence. The value is in the land and potential development opportunities. Possible affordable housing rental or condominium project may be suitable for this lot.

Construction Materials OtherWood Frame Loading None Parking AssignedOn Site Parking Total 38 Property Frontage Main Street Roof Aluminum/SteelPitch & GravelShingle Stories Two

Cooling Individual Floors Other Sq Ft Other 880 Sq Ft Total 30448

Amenities None Annual Expenses 425815.00 Assessed Value Improvements 1237800.00 Assessed Value Land 5878900.00 Assessed Value Total 7116700.00 Building Name N/A Business Name Tong Fat Co. Business Type Mixed Use Disclosures None Documents Building PlansLease DocumentsP&LTax Return Easements None Expenses Source Owner Flood Zone Zone X Foreclosure YN No Income Source Owner Land Recorded Land Court Land Tenure FS - Fee Simple Lease Type Cash1031 Exchange Listing Financing Other Management Company Self Managed Net Operating Income 218279.00 Property Condition AverageFairNeeds Major Repair Property Type 96817 Sewer Connected Special Sale Conditions None Tax Amount 7354.00 Tax Annual Amount 88248.00 Tax Year 2023 Tenant Pays Electricity Total Income 644094.00 Utilities Available GasLight ElectricitySmall Water Meter Zoning 33 - BMX-3 Community Business M

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Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Listings last updated on 2024-10-04T12:58:57.723. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd.

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425 N King Street

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425 N King Street Honolulu, HI 96817

Property Description

Construction Materials	Other Wood Frame
Loading	None
Parking	Assigned On Site
Parking Total	38
Property Frontage	Main Street
Roof	Aluminum/Steel Pitch & Gravel Shingle
Stories	Two

Amenities	None
Annual Expenses	425815.00
Assessed Value Improvements	1237800.00
Assessed Value Land	5878900.00
Assessed Value Total	7116700.00
Building Name	N/A
Business Name	Tong Fat Co.
Business Type	Mixed Use
Disclosures	None
Documents	Building Plans Lease Documents P&L Tax Return
Easements	None
Expenses Source	Owner
Flood Zone	Zone X
Foreclosure YN	No
Income Source	Owner
Land Recorded	Land Court
Land Tenure	FS - Fee Simple
Lease Type	Cash 1031 Exchange
Listing Financing	Other
Management Company	Self Managed
Net Operating Income	218279.00
Property Condition	Average Fair Needs Major Repair
Property Type	96817
Sewer	Connected
Special Sale Conditions	None
Tax Amount	7354.00
Tax Annual Amount	88248.00
Tax Year	2023
Tenant Pays	Electricity
Total Income	644094.00
Utilities Available	Gas Light Electricity Small Water Meter
Zoning	33 - BMX-3 Community Business M