Property Description

1413 S. King Street and 947 Ke’eaumoku Street Building is a two story retail & office building on a pivotal corner in urban Honolulu, anchoring the burgeoning development stretch along Ke’eaumoku Street and is located just 8 blocks from the Ala Moana Center. The Building spans 19,518 sq. ft. of building space that is on a 25,110 sq ft. plot that makes this an unmatched opportunity. This is your chance to dominate one of Honolulu’s most significant intersections.

Investment Highlights include phenomenal visibility, excellent parking, marquee location with access to both S. King Street and Ke’eamoku Street, ability to include both properties will encourage premium pricing for redevelopment or assemblage purposes. This is a solid building and structure, BMX-3 zoned with 150 ft. height limit with limited availabilities along S. King Street. 947 Ke’eaumoku St. & 1413 S. King St. Building is located at the gateway to new condo developments in the Ke’eaumoku and Kapiolani Blvd. corridors that creates even more interest along S. King Street. This Building has potential to raise rents to market and increase value and to redevelop the site and add density with potential to assemble with adjacent properties for larger development. This is a densely populated area with over 70,000 residents that is conveniently located to Waikiki and Honolulu’s Central Business District. 1413 S. King Street and 947 Ke’eaumoku Street Building Purchase Price is BEST OFFER!

Location Description

Exceptionally located, The Properties are situated at the gateway to the Keeaumoku corridor that is experiencing a renaissance in residential and retail development. It sits on the corner of the two busiest roadways, King Street and Keeaumoku Street, both have excellent street visibility along major thoroughfares and high vehicular traffic at this intersection. The Property is easily accessible from the H-1 Freeway and minutes from Honolulu’s Central Business District.

Highlights

  • Phenomenal visibility
  • Excellent parking
  • Marquee location with access to both King Street and Keeaumoku Street
  • Ability to include both properties will encourage premium pricing for redevelopment or assemblage purposes
  • Solid building and structure
  • BMX-3 zoned with 150 ft height limit
  • Limited availabilities along King Street
  • Property is the gateway to new condo developments in the Keeaumoku and Kapiolani corridors that is creating more interest along King Street
  • Potential to raise rents to market and increase value
  • Potential to redevelop site and add density
  • Potential to assemble with adjacent properties for larger development (notable adjacent owners include Kamehameha
  • School and Watumull Properties Corp)
  • Potential for an owner-user buyer that could pay a premium
  • There is scarcity in the market for good, well located assets
  • Hawaii real estate values are typically more stable than mainland investments
  • Perfect acquisition size and type for local investors