For Sale: Sold

1950 Kalihi St
Honolulu, HI 96819

$1,500,000 (FS)
Sold Price
$2,000,000 (FS)
List Price
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
TMK:
1-1-3-028-055-0000
List Date:
Island:
Oahu
Region:
Metro Oahu
Neighborhood:
KALIHI-UPPER

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.

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:

Elementary School:
--
Middle School:
--
High School:
--

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Sunday, May 19, 2024.  Information is deemed reliable but not guaranteed.  Copyright: 2024 by HiCentral MLS, Ltd.  Listing courtesy of Jeffrey H. Cochrane