Value Add Opportunity
1709 & 1710 Kalani Street
Honolulu, HI
The Offering
Property Summary
- Asking Price $5,250,000
-
Address
1709 & 1710 Kalani St
Honolulu, HI 96819 - Tax Map Key (1) 1-2-3: 49 & 69
- Tenure Fee Simple
- Property Type Industrial, Mixed Use
- Building Size 6,546 SF
- Land Area 10,000 SF
- Year Built 1991
- Height Limit 60 FT
- Zoning IMX-1, Industrial- Commercial Mixed Use
Overview
Excellent value-added opportunity. The offering consists of two 5,000 SF fee simple parcels. One is improved with a 6,546 SQ FT, 3-story building with commercial kitchen and the second is an adjacent fully paved parking lot. Corner location with great visibility along busy Kalihi Street. Ideal for investors, owner-users, or potential development.
Investment Highlights
FEE SIMPLE MIXED-USE ASSET: This offering consists of a 6,546-square foot, 3-story building with a commercial kitchen on the 1st floor, open floor plan on the 2nd floor and accessory dwelling unit on the 3rd floor, as well as an adjacent 5,000-square foot paved parking lot.
OWNER-USER OPPORTUNITY: This asset presents a unique opportunity for a buyer to occupy all the entire property, or a portion of the building while offsetting ownership costs with rental revenue from the tenants occupying the remainder of the building.
DEVELOPMENT OPPORTUNITY: There may be potential to increase GLA by developing the parking lot parcel.
CORNER LOCATION ON BUSY THOROUGHFARE: Both corner parcels have great visibility along Kalihi Street, a 4-lane thoroughfare (most of Kalihi consists of 2-lane roads).
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