The property consists of a 5,000-square foot fee simple parcel located at 1709 Kalani Street, Honolulu, Hawaii.
Built in 1991, 1709 Kalani Street is improved with a 3-story, 6,546-square foot mixed-use building. Each level is made with concrete flooring poured in place. The first floor is built out with a commercial kitchen spanning approximately 1,922 square feet, which includes a small kitchen, refrigerator, 1,250-gallon grease trap, hood vent, and three (3) large commercial kitchen basin sinks. A 2,346-square foot second floor has an open floor plan and can be used for manufacturing, production or an office. The 2,270-square foot third level is built out as a 2-bedroom, 2-bathroom accessory dwelling with walk-in closets, a large, oversized living area and kitchen. There is a small parking lot behind the building accessible via Kalani Street.
INVESTMENT HIGHLIGHTS
Fee Simple Mixed-Use Asset
This offering consists of a 6,546-square foot, 3-story building with a commercial kitchen on the 1st floor, open floor plan on the 2nd floor and accessory dwelling unit on the 3rd floor.
Owner-User Opportunity
This asset presents a unique opportunity for a buyer to occupy the entire property, or a portion of the building while offsetting ownership costs with rental revenue from the tenants occupying the remainder of the building.
Corner Location on Busy Thoroughfare
This corner parcel has great visibility along Kalihi Street, a 4-lane thoroughfare (most of Kalihi consists of 2-lane roads).
Desirable Improvements
The building benefits from the following improvements:
• Heavy Power
• Hydraulic Elevator and Two (2) Interior Stairwells
• Central A/C
• Walk-In Refrigerator
• 1,250 Gallon Grease-Trap
• Gas Cooking Kitchen
• LVO Washing System (pot and dishwasher)
• Large 3-Basin Hobart Sink with Disposal
• Hand Sink