REMARKS:

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!

* The offer of compensation to cooperating brokers is made only to the Participants and MLS Subscribers of HICMLS or Participants and MLS Subscribers of other Reciprocating Boards as set forth in that certain Multiple Listing Service Reciprocal Agreement, as amended from time to time, which is incorporated herein by reference.

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Thursday, April 25, 2024.  Information is deemed reliable but not guaranteed.  Copyright: 2024 by HiCentral MLS, Ltd.  Listing courtesy of Ivy K Realty, LLC