1104 Palama St
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1104 Palama St
3,296 SF Retail Building Honolulu, HI 96817 $1,150,000 ($349/SF) 5% Cap Rate
Investment Highlights
- High drive by traffic
- High Ceilings in each unit and multiple rooms
- Ample Parking 4-6 stalls
Executive Summary
Welcome to a unique residential gem zoned R-5, perfect for visionaries and creatives! This charming property features two buildings with separate living quarters, offering plenty of room for family, friends, or potential rental income. Imagine the possibilities of transforming these spaces into your dream home or an inviting guest retreat!
But that’s not all—this property also boasts a ground floor that was previously a commercial space ready to elevate your entrepreneurial dreams. With high ceilings and a convenient roll-up gate, the retail or industrial potential here is boundless. Picture your business thriving in this vibrant community hub!
While the living quarters currently lack kitchens and toilets, the potential is limitless. Some architectural drawings are available, setting the stage for your creative vision to come to life. Please note that the landlord is in the process of obtaining proper permits, paving the way for future renovations.
This is a fantastic opportunity to dive into a property with character, charm, and endless potential. Whether you’re an investor looking for a project or someone seeking a versatile space, this is your chance to make it happen!
Don’t miss out on this one-of-a-kind property—schedule a viewing today and let your imagination run wild!
But that’s not all—this property also boasts a ground floor that was previously a commercial space ready to elevate your entrepreneurial dreams. With high ceilings and a convenient roll-up gate, the retail or industrial potential here is boundless. Picture your business thriving in this vibrant community hub!
While the living quarters currently lack kitchens and toilets, the potential is limitless. Some architectural drawings are available, setting the stage for your creative vision to come to life. Please note that the landlord is in the process of obtaining proper permits, paving the way for future renovations.
This is a fantastic opportunity to dive into a property with character, charm, and endless potential. Whether you’re an investor looking for a project or someone seeking a versatile space, this is your chance to make it happen!
Don’t miss out on this one-of-a-kind property—schedule a viewing today and let your imagination run wild!
Property Facts
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Building Size
3,296 SF
Building Class
C
Year Built
1905
Price
$1,150,000
Price Per SF
$349
Cap Rate
5%
NOI
$57,500
Tenancy
Single
Building Height
2 Stories
Building FAR
0.84
Lot Size
0.09 AC
Zoning
R-5
Parking
5 Spaces (1.52 Spaces per 1,000 SF Leased)
Frontage
36 FT on Palama St
Amenities
- 24 Hour Access
- Bus Line
- Courtyard
- Storage Space
Walk Score ®
Very Walkable (88)
Transit Score ®
Excellent Transit (72)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 1-1-6-001-019-0000 | Improvements Assessment | $170,800 |
| Land Assessment | $846,800 | Total Assessment | $1,017,600 |
PROPERTY TAXES
Parcel Number
1-1-6-001-019-0000
Land Assessment
$846,800
Improvements Assessment
$170,800
Total Assessment
$1,017,600
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1104 Palama St
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