Cushman & Wakefield ChaneyBrooks, together with ChaneyBrooks Choice Advisors, are proud to present an outstanding owner-user or investment opportunity located at 1513 Young Street, in urban Honolulu. This two-story, 4,836 square foot building has private restrooms on both floors and on-site parking with 19 stalls. The building’s adaptable layout offers versatile and flexible options to tailor spaces as needed. The property has a diverse tenant base including an embroidery shop, hair salon, and a fresh Japanese grocery store. Nestled close to Kalakaua in a densely populated area, the site boasts excellent accessibility, making it an ideal location for small local businesses.
INVESTMENT HIGHLIGHTS
EXCELLENT OWNER-USER OPPORTUNITY
This offering presents an excellent opportunity for a buyer to occupy one or more of the vacant units while offsetting ownership costs with rental revenue from tenants occupying the other units.
UPSIDE POTENTIAL
The property is currently 71% occupied. There is potential to significantly increase revenue by leasing the vacant spaces.
HIGHLY DESIRABLE ZONING ALLOWS FOR TENANT MIX FLEXIBILITY
The highly desirable BMX-3 zoning allows for a wide range of mixed uses. Currently the ground floor is leased to a grocery and the second floor is occupied by service retail/office tenants.
WELL-LOCATED ASSET WITH VISIBILITY FROM HIGHLY TRAVELED ROAD
The site is conveniently located along the highly traveled Young Street, just off the major thoroughfare, Kalakaua Avenue. The property is located near Ala Moana and Waikiki with easy access to the H-1 Freeway.
DIVERSE CONSUMER BASE IN DENSELY POPULATED AREA
The flexible tenant mix attracts a diverse consumer base from the densely populated surrounding areas including McCully, Moiliili, Waikiki, Ala Moana, Makiki, Manoa and Kaimuki.