OWNER-USER OPPORTUNITY | TURN-KEY RESTAURANT

829 Kapahulu Avenue

Honolulu, HI

The Offering

Property Summary

ASKING PRICE $3,200,000
ADDRESS 829 Kapahulu Avenue
Honolulu, HI 96816
TAX MAP KEY (1) 3-1-3: 21
TENURE Fee Simple
BUILDING SIZE 3,449 SF
• 1,683 SF – Retail Building
• 1,436 SF – 2-Story Building
• 330 SF – Basement
LAND AREA 4,555 SF
YEAR BUILT 1928; Effective 1979; Renovated 2018
HEIGHT LIMIT 60 FT
ZONING B-2, Community Business District

Overview

Welcome to 829 Kapahulu Ave, Honolulu, HI 96816 | A prime turn-key restaurant opportunity in the Kapahulu Corridor!

Investment Highlights

COMPREHENSIVE FEE SIMPLE OFFERING - This fee simple offering consists of 2 separate buildings, a 1,683 square foot full-service restaurant, and a 2-story dwelling with 2 private rooms, men’s and women’s restrooms, office and basement. The buildings are separated by a covered outdoor seating area.

TURN-KEY RESTAURANT WITH FULL COMMERCIAL KITCHEN - This ideal owner-user opportunity is improved with a full commercial kitchen, complete with an above ground grease trap, range/hood, and an existing liquor license. Currently the property can seat 150 people, including the main restaurant and bar area, 2 private rooms (upstairs and downstairs in the 2-story building), and outdoor seating.

EXISTING LIQUOR LICENSE - There is potential to transfer the existing liquor license at Closing.

COMPLETE REMODEL - The well-maintained buildings underwent a $1.5 Million remodel in 2020, including all new plumbing and electrical.

CORNER LOCATION WITH EXCELLENT VISIBILITY - The site benefits from over 30,450 vehicles passing by the site daily along the major thoroughfare, Kapahulu Avenue. The Kapahulu Corridor is known for some of the best eateries on the island.

CENTRALLY LOCATED - The asset is in close proximity to Waikiki, Diamond Head, Kahala and UH Manoa and easily accessible from the H-1 Freeway.

ECLECTIC DECOR - Styled with eclectic decor, the FF&E may be available for purchase, minimizing start-up costs for a new restaurant.

DIVERSE CONSUMER BASE - The bustling area caters to both locals and visitors.

PHOTOVOLTAIC SYSTEM - A new PV system was installed in the 2-story building.

PARKING - There are a few parking stalls on site. Additional parking may be available to rent on the adjacent property.

SIGNIFICANT BARRIERS TO ENTRY - Due to the scarcity of available land and lack of new development.