The property located at 3007 Lincoln Avenue consists of an 882-square foot, 1-story wood framed office and an attached 520-square foot, 2-story wood framed office with a carport. The buildings are situated on 3,500 square feet of land that is zoned Community Business (B-2) District. Both units have their own entrance, are separately metered electricity and equipped with split air conditioning units. The site can accommodate 6 to 7 cars on-site. The property is secured by a low CMU wall topped with a wooden fence and an electric sliding gate. The 1-story unit was formerly occupied by the popular full-service costume rental and retail store, The Costume Closet Hawaii.
INVESTMENT HIGHLIGHTS
EXCELLENT OWNER-USER OPPORTUNITY
This offering presents an excellent opportunity for a buyer to occupy one of the units while offsetting ownership costs with rental revenue from the tenant occupying the other unit.
FLEXIBLE USES UNDER B-2 ZONING
The property’s B-2 zoning allows for a variety of permitted uses, including office, retail and eating establishments.
SEPARATELY METERED
The two units are separately metered for electricity allowing for ease of leasing to different tenants.
WELL-LOCATED ASSET WITH VISIBILITY FROM HIGHLY TRAVELED ROAD
The site is conveniently located just off the major thoroughfare with visibility from Kapahulu Avenue.
BUSTLING SUBMARKET
Within walking distance of world-class dining, recreational activities, shopping and nightlife. The Kapahulu neighborhood is home to some of Honolulu’s most unique specialty and vintage shops but is best known for diverse restaurants and food shops.
HIGH BARRIERS TO ENTRY
There is a lack of available land and new developments within the densely populated Kapahulu Corridor.