1513 Young Street

$ 3,980,000.00

Cushman & Wakefield ChaneyBrooks, together with ChaneyBrooks Choice Advisors, are proud to present an outstanding owner-user or investment opportunity located at 1513 Young Street, in urban Honolulu. This two-story, 4,836 square foot building has private restrooms on both floors and on-site parking with 19 stalls. The building’s adaptable layout offers versatile and flexible options to tailor spaces as needed. The property has a diverse tenant base including an embroidery shop, hair salon, and a fresh Japanese grocery store. Nestled close to Kalakaua in a densely populated area, the site boasts excellent accessibility, making it an ideal location for small local businesses.

INVESTMENT HIGHLIGHTS
EXCELLENT OWNER-USER OPPORTUNITY
This offering presents an excellent opportunity for a buyer to occupy one or more of the vacant units while offsetting ownership costs with rental revenue from tenants occupying the other units.
UPSIDE POTENTIAL
The property is currently 71% occupied. There is potential to significantly increase revenue by leasing the vacant spaces.
HIGHLY DESIRABLE ZONING ALLOWS FOR TENANT MIX FLEXIBILITY
The highly desirable BMX-3 zoning allows for a wide range of mixed uses. Currently the ground floor is leased to a grocery and the second floor is occupied by service retail/office tenants.
WELL-LOCATED ASSET WITH VISIBILITY FROM HIGHLY TRAVELED ROAD
The site is conveniently located along the highly traveled Young Street, just off the major thoroughfare, Kalakaua Avenue. The property is located near Ala Moana and Waikiki with easy access to the H-1 Freeway.
DIVERSE CONSUMER BASE IN DENSELY POPULATED AREA
The flexible tenant mix attracts a diverse consumer base from the densely populated surrounding areas including McCully, Moiliili, Waikiki, Ala Moana, Makiki, Manoa and Kaimuki.

Basic Facts

Status: Type: Purchase Type: Fee Simple Area: 4836 sq ft
Lot size: 10028 sq ft Year built: 1972 Zoning: BMX-3

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Additional Resources

External Link: Property Website
  • Senior Vice President

Anthony Provenzano is a Senior Vice President with Cushman & Wakefield ChaneyBrooks, the oldest commercial real estate firm in Hawaii. Anthony is a top producer in the commercial real estate broker-age community and has earned several accolades for his success. He was the recipient of Cushman & Wakefield ChaneyBrooks’ #1 Broker of the Year Award in 2019 and 2020. With over 12 years of experience, he specializes in acquisitions and dispositions of commercial properties throughout the State of Hawaii. His in-depth knowledge of the Hawaii market has lead his clients to successfully complete transactions with a high level of certainty and confidence. Anthony has been successful in formulating strong relationships with owners, investors, developers and buyers of commercial real estate. His distinct expertise combined with his ability to clearly articulate market demands has lead him to represent a wide range of clients on an institutional, national and local level. Born and raised on Oahu, Anthony studied Finance with a focus on Real Estate at the University of Hawaii at Manoa Shidler College of Business. During his studies, Mr. Provenzano served on the Financial Management Association Board and continues his involvement as a mentor. Anthony holds a Hawaii Real Estate Broker’s license, as well as the Certified Commercial Investment Member (CCIM) designation where he served as Board President for 2017. He also recently was awarded his Society of Indus-trial And Office Realtors (SIOR) designation, a professional symbol of the highest level of knowledge, production and ethics in the real estate industry.

  • Licensed Real Estate Broker - State of Hawaii: RB-22101
  • Certified Commercial Investment Member (CCIM): Board Member, Past President (2017)
  • Society of Industrial and Office Realtors (SIOR): Member
This listing is located in Honolulu, and is currently offered by Cushman & Wakefield ChaneyBrooks.