Kakaako Commercial

430 Piikoi Street, Honolulu, Oahu 96814 Get Directions

SOLD

 

Total SqFt
16,132
Lot Size Area
20,448 SqFt
Land Tenure
Fee Simple
MLS #
202106548
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Overview

Prime location across the street from Ala Moana shopping center and Ala Moana Beach Park. Property zoning falls under the Kakaako Hawaii Community Development Authority (HCDA). Perfect opportunity to redevelop in possible affordable housing under Bill 7 or into a retail strip mall. All plans for redevelopment must be submitted and approved by HCDA. Currently this property is generating a 3% CAP rate at $12M. Minutes away from Howard Hughes development in Ward and nestled among luxury high rise condominiums. Subject parcel is over 20,000 sq.ft and over 16,000 in useable interior square footage. Great diverse tenants from bar/restaurant, retail clothing, massage, and taxi dispatch. Rare opportunity to purchase prime real estate land in the Ala Moana area!

Property Details

Building Name
n/a
Business Type
Retail Mall
Sold Date
12/01/2021
Sold Price
$9,600,000
Construction Materials
Concrete Block
Flooring
Concrete
Gross Income
$441,611
Neighborhood
Kakaako
Net Operating Income
313035.00
Number Of Units Total
23
Parking Features
Assigned, On Site, Street
Parking Total
29
Property Frontage
Main Street, Retail Mall
Property Type
Commercial/Industrial
Interior SqFt
16,132
Total SqFt
16,132
Status
Sold
Stories
3
Total Annual Operating Expenses
$128,577
Year Built
1957

Additional Property Info

Active Continue To Show Date
08/21/2021
Days on Market
168
Flood Zone
Zone AE
Property Condition
Above Average, Average
Roof
Other
Tax Amount
$4,746
Tax Assessed Value
$6,840,500
Tax Assessed Value Improvements
$1,479,000
Tax Assessed Value Land
$5,361,500
Utilities
Light Electricity, Small Water Meter
Zoning
Kak – Kakaako Community Development Project

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Listing Courtesy of Ivy K Realty, LLC Courtesy of Marc T Kumai, Ivy K Realty, 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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