219 Kalihi Street

$ 2,500,000.00
Fee Simple

219 Kalihi Street offers an excellent development opportunity for either an owner-user or investor in urban Honolulu. The property consists of six (6) 2-bed/1-bath units and an extra-long 9-stall commercial parking lot. The 2-story walk-up apartment building has been grandfathered as an acceptable non-conforming use within the I-2 zoning. Currently, one of the units is being used an office, with minimal work to convert it back to an apartment unit. Four of the units are currently set up with full kitchens however all units have capabilities for full kitchens, a washer & dryer, and a parking stall.
In 2018, new plumbing and copper pipes were installed at the property and a new roof was installed in 2006.
Centrally located in Kalihi within an Opportunity Zone, the property is a prime candidate to increase value by developing a new warehouse on (i) the entire parcel, or (ii) the parking lot portion and leasing up the existing apartment building at market rents.
Please call listing brokers for an appointment. DO NOT DISTURB TENANTS.

INVESTMENT HIGHLIGHTS

  • Prime Development Opportunity 
  • Investor or Owner-User Opportunity
  • Rarely Available Fee Simple I-2 Zoned Parcel
  • Located within an Opportunity Zone with Possible Tax Savings
  • Highly Visible Corner Location on Heavily Traveled Road
  • Scarcity of Yard Space and Parking On-site

Basic Facts

Status: Type: Purchase Type: Fee Simple Area: 2904 sq ft
Lot size: 9514 sq ft Zoning: I-2

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Additional Resources

External Link: Loopnet
  • Real Estate Advisor

Keliikai Sing has over 5 years of sales and leasing experience in commercial real estate. Mr. Sing represents both tenants and landlords and has a heavy background in construction and technology. Prior to joining Cushman & Wakefield ChaneyBrooks, Kai worked for a successful developer in Hawaii where he grew his foundation of knowledge in residential, commercial and development real estate. Keliikai has strong connections with the surf community which is very prevalent in Hawaii. In his free time, Kai installs, repairs and maintains all cameras on Oahu for Surfline/Wavetracks, which monitors the best surf spots on Oahu and is watched by millions of surf enthusiasts around the world.

  • Licensed Real Estate Salesperson, State of Hawaii: RB-22769
  • (808) 544-9526
  • ksing@chaneybrooks.com
This listing is located in Honolulu, and is currently offered by Cushman & Wakefield ChaneyBrooks.