Overview
Rare opportunity for an owner-user or investor to acquire the fee simple interest in the landmark office property located at 1022 Bethel Street. This property, serviced by an elevator, has been meticulously maintained with âClass Aâ finishes by its current tenant, Island Insurance. The tenant will be vacating at the end of 2024, making the property available for almost immediate occupancy. The property features approximately 49,574 square feet of building area, including first-floor retail spaces with high visibility fronting South King and Bethel Streets. Parking is available for purchase or lease separately directly across Bethel Street in the former Walmart parking garage. Situated in the heart of Honoluluâs downtown renaissance, it is adjacent to several significant redevelopments, including residential condominiums and retail spaces. This is an exceptional opportunity for a business to establish a strong presence and legacy in downtown Honolulu, benefiting from the ongoing revitalization and growth of the area.
Property Details
- Amenities
- ADA Accessible, ADA Compliant, Computer Room, Office, Other, Private Restroom
- Building Name
- N/A
- Business Type
- Free Standing, Mixed Use, Office
- Construction Materials
- Reinforced Concrete
- Flooring
- Concrete
- Neighborhood
- Downtown
- Parking Features
- Street
- Property Frontage
- Building Lobby, Main Street
- Property Type
- Commercial/Industrial
- Interior SqFt
- 49,574
- Total SqFt
- 49,574
- Status
- Active
- Stories
- 5
- Year Built
- 1940
Additional Property Info
- Days on Market
- 1
- Elementary School
- Lincoln
- Flood Zone
- Zone X
- High School
- Roosevelt
- Middle/Junior School
- Stevenson
- Property Condition
- Excellent
- Roof
- Composition
- Tax Amount
- $9,874
- Tax Assessed Value
- $9,448,000
- Tax Assessed Value Improvements
- $5,407,100
- Tax Assessed Value Land
- $4,040,900
- Utilities
- Emergency Electricity, Light Electricity, Small Water Meter
- Zoning
- 34 - BMX-4 Central Business Mix
Courtesy of Michael M Okamoto, Standard Management LLC.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright 2024 by HiCentral MLS, Ltd.
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