1246 S. King St & 1012 Akala Ln
1246 S. King Street is a perfect owner-user opportunity for a restauranteur or retailer. The building is equipped with restaurant infrastructure in-place. The site benefits from excellent street visibility along the major thoroughfare, King Street.
1012 Akala Lane is a single-story multifamily duplex consisting of one 2-bedroom/1-bathroom unit and one 3-bedroom/1-bathroom unit adjacent to 1246 S. King Street. There is tremendous upside potential by renovating the units.
Together, the parcels pose a prime redevelopment opportunity in central Honolulu. The subject sites are zoned BMX-3, Community Business Mixed Use District. Zoning allows for 150-foot height limit and a 2.5 floor area ratio.
The properties are being offered for sale together.
1246 S. King Street
Property Type: Freestanding Restaurant/Retail Building
Tax Map Key: (1)2-4-4:66
Building Size: 1,326 SF
Land Area: 2,711 SF
Parking: 4 Stalls
Height Limit: 150 Feet
Floor Area Ratio: 2.5
1012 Akala Lane
Property Type: Multifamily Single-Story Duplex-One 2-Bed/1-Bath & One 3-Bed/1-Bath
Tax Map Key : (1)2-4-4:67
Building Size: 1,728 SF
Land Area: 3,440 SF
Parking: 2 Stalls
Height Limit: 150 Feet
Floor Area Ratio: 2.5
Basic Facts
| Type: Multi-Family Restaurant Retail | Purchase Type: Fee Simple | Zoning: BMX-3 |
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- Senior Real Estate Advisor
Mr. Fasi is a Senior Real Estate Advisor with Cushman & Wakefield ChaneyBrooks specializing in real estate investments and multifamily sales. He advises his clients (local, national, foreign-owned corporations and private investment trusts) on the acquisition and disposition of real property throughout Hawai‘i involving Hotel, Land, Multi-family, Retail, and Office. Utilizing his network of property owners, attorneys, and outside brokers, he finds off-market opportunities for his clients - matching qualified buyers with motivated sellers, resulting in quick and efficient sales transactions. Mr. Fasi’s also specializes in retail brokerage representing both Landlords and Tenants. He consults with his clients on all aspects of the leasing process including site selection, tenant-mix analysis, lease valuations, lease negotiations, lease renewals and assignment of leases. A true believer in the team approach, Mr. Fasi partners with other agents in his office on most leasing and sales assignments to better service his clients’ needs.
- Licensed Real Estate Salesperson, State of Hawaii: RB-17369
- (808) 544-1600
- sfasi@chaneybrooks.com
