430 Piikoi Street, Honolulu, HI 96814

$12,000,000
List Price
$12,000,000
Days on Market
107
MLS#
202106548
Status
ACTIVE
Type
Commercial
Building
N/A
Sq Ft Total
16132
Land Area
20,448
Land Tenure
FS - Fee Simple
Neighborhood
Kakaako

Property Description

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!

Additional Information

Island
Oahu
Stories Type
Three
Utilities
Light Electricity, Small Water Meter
Easements
None
Parking Total
29
Tenants Responsibilities Include
Common Area Maintenance, Electricity
Lot Size
20,448
Construction Materials
Concrete Block
Mls Area Major
Metro
Neighborhood
Kakaako
Frontage
Main Street, Retail Mall
Year Built
1957
Tax Amount
$4,746
Building Name
N/A
Sewer
Connected
Roof
Other
Parking Features
Assigned, On Site, Street
Amenities
None
Total Annual Operating Expenses
128577
Stories
3
Assessed Total
6840500
Assessed Improvement
1479000
Assessed Land
5361500

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Ivy K Realty, LLC.

Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2021 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.