Hawaii House
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925 Maunakea St, Honolulu, HI 96817

Commercial · For sale · 1140 sqft · $390,000  $40,000

Kwong Tong Chong is one of the few places where customers can find authentic Chinese foods that you can't find anywhere else. It is a veritable diamond in the rough. Merchandise includes Chinese herbs, sauces, teas, and candies. The owner is now retiring after 45 years. Included in the sale are all existing inventory, valued at over $250K and includes: Refrigerators, Registers, Alarm System and more. Rent presently is $3,637/month plus CAM charges & G.E.T. ($1,300 to $1,500/month depending on electric usage). A new five-year lease at the same rental rate will be provided by landlord at closing with the option for another five-year lease at terms to be negotiated. Financial statements are available.
Details
  • Original list price$350,000
  • Days on market269
  • Price per sqft$342/sqft
  • Address

    925 Maunakea St, Honolulu, HI, 96817

  • Year Built1974
  • FrontageSide Street
  • NeighborhoodChinatown
  • Total Interior Area1140 sqft
  • City of OahuHonolulu
  • RegionHonolulu
  • IslandOahu
  • Land tenureLH - Leasehold
  • Number of Units1
  • Gross Income341599
  • Annual Expenses171069
  • Net Operating Income170530
Amenities & Features
  • RoofOther
  • Construction/Exterior FinishConcrete Block
  • Air ConditioningCentral AC
  • LoadingNone
  • Floor CoveringConcrete
  • Income Information SourceAccountant, Tax Return
  • Expense Information SourceAccountant, Tax Return
  • EasementsNone
  • Lessee/Tenant PaysCommon Area Maintenance
  • Management CompanyCTMS
  • ParkingNone, Street
  • Utilities IncludedLight Electricity
  • AmenitiesADA Accessible, Public Restroom, Security
Schools Nearby
-
Neighborhood - Chinatown
  • Neighborhood average sales price*$689.93k
  • Neighborhood median sales price*$555k
  • Number or sales*25
Price history
Date Event Price $/sqft Source
2017-04-26 Price Increase $390,000 +11.43% $342.11 MLS 201706245
2017-03-23 New Listing $350,000 $307.02 MLS 201706245
2017-03-17 Withdrawn $470,000 $412.28 MLS 201605781
2016-06-29 Price Decrease $470,000 -6% $412.28 MLS 201605781
2016-04-04 New Listing $500,000 $438.60 MLS 201605781
2004-11-18 Expired $30,000 $26.32 MLS 2316380
2004-03-01 Temporarily Withdrawn $30,000 $26.32 MLS 2316380
2003-12-13 New Listing $30,000 $26.32 MLS 2316380
Taxes
  • Property Tax Year2016
  • Assessed Improvement value$411,500
  • Assessed Land value$14,899,800
  • MLS #201706245
  • TMK1-1-7-002-004-0000
  • Land RecordedNone
  • Zoning34 - BMX-4
  • Lease expiration2017-04-30
  • Monthly lease payment$3,637
  • Total Assessed value$15,311,300
Agent viewpoints   of 925 Maunakea St, Honolulu, HI, 96817
Stunning views
Ocean views
Open floorplan
Needs Work
Street noise

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Hawaii House
Commercial For sale $390,000  $40,000 925 Maunakea St, Honolulu, HI, 96817 1140 sqft Remove from Saved Save House