For Sale: Sold

430 Piikoi St
Honolulu, HI 96814

$9,600,000 (FS)
Sold Price
$12,000,000 (FS)
List Price
Property Type:
Commercial/Industrial
Bedrooms:
--
Full Baths:
--
Half Baths:
--
Land Area (sf):
20,448
Living (sf):
--
Lanai (sf):
--
Other (sf):
--
Parking Stalls:
29 - Assigned, On Site, Street
MLS #:
202106548
TMK:
1-2-3-007-023-0000
List Date:
Island:
Oahu
Region:
Metro Oahu
Neighborhood:
KAKAAKO

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!

PROPERTY INFORMATION:

Zoning:
Kak – Kakaako Community Development Project
Furnished:
--
Year Built:
1957
Year Remodeled:
--

FINANCIAL INFORMATION:

Assd. Val. Land:
$5,361,500
Assd. Val. Imprv:
$1,479,000
Assd. Val. Total:
$6,840,500
Tax Year:
2020
Monthly Taxes:
$4,746
Home Exempt.:
--

SCHOOLS:

Elementary School:
--
Middle School:
--
High School:
--

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Saturday, May 4, 2024.  Information is deemed reliable but not guaranteed.  Copyright: 2024 by HiCentral MLS, Ltd.  Listing courtesy of Ivy K Realty, LLC