3427 Waialae Ave - Storefront Retail/Residential FOR SALE


Honolulu, HI 96816- Kaimuki
$5,200,000 USD
808-429-1098
3427 Waialae Ave, Honolulu, HI for Sale
$5,200,000 USD
Storefront Retail/Residential - FOR SALE
1/25
null | 3.88% Cap Rate

3427 Waialae Ave
Honolulu, HI 96816
Kaimuki


HIGHLIGHTS

  • Total Units: 17
  • Unit Type: 12 One-Bed, 5 Comm-Retail
  • Parking: 20
  • Year Built: 1960
  • 11,000sqft of Land
  • 8,775sqft of Interior

OVERVIEW

RARE FIND in super desirable Waialae neighborhood with excellent opportunity to value add and increase rents with 11,000sf B-2 zoned on TWO LOTS for flexible use. Convert comm to Resi and get use exemption to lower taxes, or convert Resi to office. Currently configured as 12 one beds with secure access and 5 comm units (2 units combine 2 spaces for 3 existing comm tenants, 1 unit used by owner for storage). All units separately metered for electric, one water meter, gas water heaters. Owned coin laundry. Resi AC owned by LL, maintained by tenants; comm AC owned and maintained by tenants. 10’ setback.

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$466 USD /SF

CAP RATE

3.88%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

11,000 SF

ZONING

B-2

APN/PARCEL ID

1-3-2-004-011-0000 & 1-3-2-004-010-0000

ASK ABOUT THIS PROPERTY

Christina Low DwightCommercial Investment Strategies LLCMore Info
808-429-1098

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Christina Low DwightCommercial Investment Strategies LLCMore Info
808-429-1098

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