219 Kalihi Street
219 Kalihi Street
219 Kalihi Street
219 Kalihi Street
219 Kalihi Street
219 Kalihi Street

219 Kalihi Street

  • Transaction Type:for sale
  • Property Size:2,904 SF
  • Loopnet:
  • Property Type:Multifamily
  • Land Size:9,514 SF
  • Factsheet

Address

219 Kalihi Street Honolulu, Hawaii 96819

Price$ 2,500,000 /USD

fee simple
  • Property ID: 5dd33776498dae0004950b00

Description

219 Kalihi Street offers an excellent development opportunity for either an owner-user or investor in urban Honolulu. The property consists of six (6) 2-bed/1-bath units and an extra-long 9-stall commercial parking lot. The 2-story walk-up apartment building has been grandfathered as an acceptable non-conforming use within the I-2 zoning. Currently, one of the units is being used an office, with minimal work to convert it back to an apartment unit. Four of the units are currently set up with full kitchens however all units have capabilities for full kitchens, a washer & dryer, and a parking stall. In 2018, new plumbing and copper pipes were installed at the property and a new roof was installed in 2006. Centrally located in Kalihi within an Opportunity Zone, the property is a prime candidate to increase value by developing a new warehouse on (i) the entire parcel, or (ii) the parking lot portion and leasing up the existing apartment building at market rents. Please call listing brokers for an appointment. DO NOT DISTURB TENANTS.

Details

INVESTMENT HIGHLIGHTS

  • Prime Development Opportunity 
  • Investor or Owner-User Opportunity
  • Rarely Available Fee Simple I-2 Zoned Parcel
  • Located within an Opportunity Zone with Possible Tax Savings
  • Highly Visible Corner Location on Heavily Traveled Road
  • Scarcity of Yard Space and Parking On-site

 

Keliikai Sing

Keliikai Sing

Real Estate Advisor
  • ksing@chaneybrooks.com
  • +1 (808) 544-9526
William Elliott

William Elliott

Real Estate Advisor
  • welliott@chaneybrooks.com
  • +1 (808) 544-1778

Contact us at contactus@chaneybrooks.com or give us a call +1 808-544-1600

We’ll connect you with the best team we have to move your vision forward.

Logo

Since 1960, Cushman & Wakefield ChaneyBrooks has been the leading commercial real estate organization serving the entire Pacific Market.

We offer real estate services including commercial brokerage, asset management, advisory & consulting, capital markets, corporate services, and global occupier services.

Newsletter

Sign up to receive updates on our latest Commercial Listings and Featured Properties.

Contact Information

1440 Kapiolani Blvd., Suite 1010
Honolulu, HI 96814
Phone: +1 808-544-1600
Fax: +1 808-544-9574
Email: contactus@chaneybrooks.com