$5,100,000

209 Kaiulani Ave

Honolulu HI, 96815

Description

IN ESCROW BEFORE LISTED. Irreplaceable TROPHY LOCATION at the corner of Kaiulani and Kuhio Avenues in the heart of Hawaiis #1 tourist destination, Waikiki. Below-market rents provide tremendous upside potential for a buyer! 7 on-site parking stalls (2 may not be to code) with ample additional street parking in the area. Extremely supply-constrained submarket with virtually no land available for development. Located in a strong rental market within Honolulu which has experienced 27% growth in rents over the past 5 years Sturdy brick construction. Possible conversion to condominium or student housing. Potential repositioning opportunity as a hospitality use through rezoning or conditional use permit. Some information is subject to confirmation from Seller.

Details

MLS#201922929
Sub-TypeResale
StatusActive
Year1946
Days On Site70

Features

SQ Feet7,511
Units17
Building(s)1

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Area Information

StateHI
CityHonolulu
Zip Code96815
Listing VS Median (in 96815)
Price:
$5,100,000
low | high
Med:
$498,000
100% of Average
SqFt:
7,511
low | high
Med:
745
100% of Average
$ / SqFt:
$679
low | high
Med:
$668
51.553414923016% of Average
On Site:
70
low | high
Med:
110
63.636363636364% of Average
Listing Updated: 10/23/2019
MLS Number: 201922929
Listing Provided By:
Michael M Okamoto  of  Standard Management LLC

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.