1303 Rycroft St - Restaurant FOR SALE


Honolulu, HI 96814- Ala Moana-Kakaako
$6,995,000 USD
808-441-9757
1303 Rycroft St, Honolulu, HI for Sale
$6,995,000 USD
Restaurant - FOR SALE
1/25
null | 4.96% Cap Rate

1303 Rycroft St
Honolulu, HI 96814
Ala Moana-Kakaako


HIGHLIGHTS

  • Prime Location in Honolulu's Densely Populated Area
  • High Transit Oriented Development (TOD) Zone with Increased FAR (Density)
  • Immediate Stabilized Income with Rent Growth Potential
  • 4.96% Going-in CAP Rate
  • Value-Add Upside - Mark to Market with Potential NOI Growth
  • Re-development Opportunity in Honolulu's Thriving Development Area

OVERVIEW

Rare fee simple investment opportunity in Honolulu’s highly sought-after Ala Moana corridor. The 12,767-square-foot property includes a 6,211-square-foot building and 21 on-site parking stalls, offering strong in-place cash flow at a 4.96% cap rate. Located just minutes from Ala Moana Center, Don Quijote, Walmart, and major thoroughfares including Kapiolani Boulevard and King Street, the property benefits from exceptional accessibility and visibility. Zoned BMX-3 and situated within Honolulu’s Transit-Oriented Development (TOD) zone, the site offers significant value-add and redevelopment potential with increased allowable density. Surrounded by over 2,300 new condominium units delivered in recent years, the property is well-positioned to benefit from continued growth in one of Honolulu’s most densely populated urban neighborhoods.

FOR SALE DETAILS

PRICE

$6,995,000 USD

PRICE/SF

$1,127 USD /SF

CAP RATE

4.96%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Choi's Garden Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

BMX-3

APN/PARCEL ID

1-2-3-014-006-0000

ASK ABOUT THIS PROPERTY

Taylor HigaHawaii Commercial Real EstateMore Info
808-441-9757

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Taylor HigaHawaii Commercial Real EstateMore Info
808-441-9757

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.