524 Kalihi St 4,530 SF 100% Leased Industrial Building Honolulu, HI 96819 $3,185,000 ($703.09/SF)

INVESTMENT HIGHLIGHTS

  • Visible Location along Major Traffic Roadway
  • Air Conditioned Office and Warehouse - Central and Individual Units
  • IMX-1 - Industrial Mixed Use AND within Transit Oriented Development and Opportunity Zone
  • Easy Access to Highways and Freeways - near Kalihi Rail Station and Bus Stops
  • Photovoltaic System - Potential Electricity Cost Savings

EXECUTIVE SUMMARY

Property and Business MUST be sold together: Business ($285,000) and Real Estate ($2,900,000). Buyer must be prequalified by Business Broker (selling the Business portion) prior to showing the property. Please contact Lister for Business Broker contact information. Showings by APPOINTMENT ONLY and approval from Business Broker. Do Not Disturb Tenants and Employees.
The 5,000 square feet (sf) fee simple property zoned IMX-1 is located within the Rail Transit Oriented Development Area and in Opportunity Zone. Building Size: approximately 4,530 square feet consisting of approximate square footages: a) Ground Floor Warehouse (1,904 sf); b) Ground Floor Office (840 sf); c) Mezzanine Office (840 sf); and d) Mezzanine Storage (946 sf).
Property includes: Electrical Freight Lift, Central Air Conditioning, Individual Air Conditioning Units, Private Restrooms (3), Internal Stairways (2), Three Phase Electrical Power, and Photovoltaic System.
Being located on a visible corner along Kalihi and Colburn Streets is a significant advantage. It ensures exposure to passing traffic, potential customers, and suppliers. Property is near the planned Kalihi Rail Station and City Bus stops make commuting convenient for employees and customers. Easy access to highways and freeways which is crucial for logistics, deliveries, and reaching other parts of the island efficiently.
Neighboring businesses include Popeyes Chicken, Monarch Seafood, Aloha Petroleum, Thermal Engineering, Seafarers International Union, Kalihi Kai Elementary School, and Dillingham Plaza Shopping Center. Being in the company of other businesses creates synergy and potentially attract shared clientele.
Please download Fact Sheet and View Property Slide Show for more information and pictures.

PROPERTY FACTS

Price $3,185,000
Price Per SF $703.09
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype
Service
  • Showroom
Building Class B
Lot Size 0.11 AC
Rentable Building Area 4,530 SF
No. Stories 2
Year Built 1988
Opportunity Zone Yes
Zoning U/46/40 - Property zoned IMX-1 (Industrial Mixed Use) which allows for a mix of industrial, commercial, and sometimes residential uses (Check with architect).

AMENITIES

  • Mezzanine
  • Signage
  • Air Conditioning

UTILITIES

  • Lighting
  • Gas
  • Water - City
  • Sewer
  • Heating - Gas
Walk Score®
Walker's Paradise (92)

PROPERTY TAXES

  • Listing ID: 33344911

  • Date on Market: 9/28/2024

  • Last Updated:

  • Address: 524 Kalihi St, Honolulu, HI 96819