25 & 31 N. King Street

$ 700,000.00

The 2-story building is approximately 3,711 square feet of leasable area (including the lanai). The property is along the main thoroughfare, King Street, in Honolulu’s Chinatown, adjacent to the Central Business District. The building has two entrances, each secured with wrought iron gates, allowing for separate private entrances for the ground floor and second floor tenants.

The 1,087 square foot ground floor was recently renovated and is currently occupied by Hanale by Islander Sake Brewery, a Japanese restaurant specializing in brewing premium handcrafted sake. The popular brewery has received 4.8 stars on both Yelp and OpenTable. The building was originally built as a financial institution with a large walk-in vault on the ground floor which could serve as a desirable focal point for a future speak-easy bar.

The second floor is 2,206 square feet with a large 418 square foot outdoor lanai. The space is partitioned into cubicles with a large skylight over the center of the space. The second level will be vacant at closing and ideal for an architecture, law, CPA or marketing/advertising firm.

• EXCELLENT OWNER-USER OPPORTUNITY – This offering presents an excellent opportunity for a buyer to occupy the upstairs unit while offsetting ownership costs with rental revenue from the tenant occupying the downstairs unit.
• SEPARATE ENTRANCES – Both units have their own separate entrance, secured with wrought iron gates.
• PRIME LOCATION – The site is within walking distance of Honolulu’s Central Business District, world-class dining, recreational activities, shopping and nightlife. It is easily accessible from the H-1 Freeway.
• FLEXIBLE ZONING – The property is zoned BMX-4, Central Business Mixed-Use, allowing for a wide range of permitted uses, including retail, office, eating establishments, and multifamily dwellings, with the possibility of an owner’s or caretaker’s accessory dwelling (with a special accessory use).
• HIGH PEDESTRIAN & VEHICLE TRAFFIC – The property benefits from both high pedestrian and vehicle traffic along the major thoroughfare, King Street.
• DIVERSE CONSUMER BASE – The area attracts a wide range of consumers including CBD professionals, Chinatown patrons, artists, foodies, and both locals and tourists.

Basic Facts

Status: Type: Purchase Type: Leasehold Area: 4138 sq ft
Lot size: 2804 sq ft Zoning: BMX-4

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Additional Resources

  • Fact Sheet
    • Vice President, Real Estate Advisor

    Born in Norfolk, Virginia and reared in Ohio, Pete Alpeter began his career in Hawai‘i commercial real estate in 1993 after a successful career as an aviator and staff officer in the U.S. Navy. His last tour of duty was with the Commander and Chief Pacific staff where he retired as a Commander. Pete was previously licensed as a real estate agent in California and has had retail sales experience with his family owned furniture stores and interior design companies in both Seattle and Honolulu. For three years prior to joining Cushman & Wakefield ChaneyBrooks (formerly Chaney Brooks and Company), Pete was an exclusive industrial leasing agent with Monroe & Friedlander, Inc. In addition to corporate representation, Mr. Alpeter has represented non-profit organizations, churches, charter schools, pre-schools, and public service organizations.

    • Licensed Real Estate Salesperson, State of Hawaii: RS-54305
    • (808) 544-9575
    • palpeter@chaneybrooks.com
    This listing is located in Honolulu, and is currently offered by Cushman & Wakefield ChaneyBrooks.