1950 Kalihi St

1950 Kalihi St
Honolulu, HI 96819

For Sale

Sold

Sold Price

$1,500,000 (FS)

List Price

$2,000,000 (FS)

Property Type:: Commercial/Industrial
Bedrooms:: --
Full Baths:: --
Half Baths:: --

Land Area (sf):: 11,673
Living (sf):: --
Lanai (sf):: --
Other (sf):: --

Parking Stalls:: -- - On Site

MLS #:: 202209168
Island:: Oahu
Region:: Metro Oahu
Neighborhood:: KALIHI-UPPER
TMK:: 1-1-3-028-055-0000

List Date:: May 12, 2022
Date Sold:: September 16, 2022

REMARKS:

Kalihi neighborhood service station with longtime tenant (Hele/Tesoro Gas) for sale. Location is conveniently right off Likelike Highway and School Street. Tenant is currently under 1 of 4 extension options of 5-years each. Tenant also invested $300, 000 into the property with new fuel tanks, pumps, pump canopy and convenience store in 2015-16. Current lease rent is guaranteed for $5892 a month till end of 2022 then increases to $6482 per month 2023-2024. Each lease extension from end of 2024 increases 10% every five years.

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PROPERTY INFORMATION:

Zoning:: 30 - Commercial
Furnished:: --

Year Built:: 1961
Year Remodeled:: --

FINANCIAL INFORMATION:

Assd. Val. Land:: $1,961,100
Assd. Val. Imprv:: $141,800
Assd. Val. Total:: $2,102,900

Tax Year:: 2021
Monthly Taxes:: $2,000
Home Exempt.:: --

SCHOOLS:

Elem. School:: --
Middle School:: --
High School:: --

OTHER PROPERTY FEATURES:

Frontage:: --
View:: --
Pool:: --
Amenities:: ADA Compliant, Private Restroom
Inclusions:: --
Security:: --
Assn. Fee Inclusions:: --
Other Fee Inclusions:: --

Lot Description:: --
Topography:: --
Number of Stories:: One
Building Style:: --
Property Condition:: Excellent
Construction:: Concrete Block, Metal Frame, Other
Roofing:: Other
Floor Covering:: Concrete

Disclosures:: None
Possession:: --
Terms Accept.:: Agreement of Sale
Land Recorded:: Land Court

Exclusions:: --
Easements:: None
Set-Backs:: --

Compensation*:: 3
Compensation Type:: --

* The offer of compensation to cooperating brokers is made only to the Participants and MLS Subscribers of HICMLS or Participants and MLS Subscribers of other Reciprocating Boards as set forth in that certain Multiple Listing Service Reciprocal Agreement, as amended from time to time, which is incorporated herein by reference.

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Friday, May 3, 2024. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of Jeffrey H. Cochrane