- For Sale $395,000
- Property Type Retail
- Property Size 2,600 SF
- Year Built 1921
- Year Renovated 1970
- Date Updated Oct 27, 2023
Rare opportunity to purchase a leasehold building in the heart of Chinatown! Great owner-user potential with under market rent.
Live upstairs and have your buisness downstairs!
1029 Maunakea Street is a two-story space that is currently home to the iconic Chinese restaurant, Nam Fong, which has been a household name in Hawaii for over 30 years. Sale can include the existing business, recipes, and initial training by the original owner and founder of Nam Fong.
Also available for lease - please see lease listing for details
Investment Highlights
Under Market Rent
$4,229.33/month ground lease rent
Owner-User Opportunity
Second floor can be used for residential or office space
Restaurant Opportunity
Sale can include existing restaurant business
Includes walk in fridge, walk in freezer, and other kitchen appliances such as hoods, range etc.
Prime Location
Ideal location in the center of Chinatown across from Maunakea Marketplace and adjacent to frequently trafficked restaurant and retails businesses
2-Floors
Downstairs: Approx. ~2,000 sq ft with storefront, seating area, full kitchen with ample food cold food storage space and full appliances, 1 bathroom
Upstairs: Approx. ~600 sq ft with large open space, 2 office/bedroom spaces, 1 closet and 1 bathroom
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
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Contacts
Location
Getting Around
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Walk Score ®
98/100
Walker's Paradise
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Transit Score ®
78/100
Excellent Transit
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Bike Score ®
57/100
Bikeable
- City Honolulu, HI
- Neighborhood Chinatown
- Zip Code 96817
- Market Honolulu
Points of Interest
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Honolulu International Airport Station (under Construction)
4.02 miles
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Hālawa / Aloha Stadium
6.11 miles
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Kalauao / Pearlridge
7.36 miles
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Waiawa / Pearl Highlands
9.54 miles
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Hālaulani / Leeward Community College
9.73 miles
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Aloha Petroleum
0.50 miles
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Texaco
0.65 miles
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Texaco
0.65 miles
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Costco Gasoline
0.77 miles
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Hele
0.77 miles
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CGX
0.78 miles
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76
0.80 miles
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Hele
0.90 miles
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ChargePoint
0.93 miles
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Texaco
0.94 miles
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Mark's Garage
0.15 miles
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Bankoh Parking Center
0.17 miles
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Pro Park
0.29 miles
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Bishop Square
0.30 miles
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Capitol Place Parking Garage
0.34 miles
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Hawaii State Capitol Underground Parking
0.51 miles
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Student Parking Lot 3
0.60 miles
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Staff Parking
0.61 miles
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Makai Parking Garage
0.63 miles
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Student Parking Lot 7
0.65 miles
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Happy Garden
0.01 miles
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Scratch Kitchen & Bake Shop
0.03 miles
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Golden Palace
0.04 miles
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PHO Vietnam
0.04 miles
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The Pig & the Lady
0.04 miles
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Senia
0.05 miles
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Smith & Kings
0.05 miles
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Naty's Kitchen
0.06 miles
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Lucky Belly
0.06 miles
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Chau’s Fresh Fruit
0.07 miles
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Walmart
0.16 miles
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Ross
0.22 miles
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‘Umeke Market & Deli
0.28 miles
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Safeway
0.36 miles
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Ross
0.39 miles
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Times Supermarket
0.56 miles
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Nuuanu Shopping Plaza
0.60 miles
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Foodland
0.69 miles
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Coast Guard Exchange
0.79 miles
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Down To Earth
0.82 miles
Frequently Asked Questions
What is the lease rate for 1029 Maunakea St?
Rental asking rate at 1029 Maunakea St is $197,500.00/YR.
What is the total square footage of 1029 Maunakea St?
1029 Maunakea St totals 2,600 square feet.
When was this property built?
1029 Maunakea St was built in 1921.
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