352 Lewers St Honolulu, HI 96815-2345
- Commercial real estate
- 2,260 SF
- 0.09 lot acres
May 19, 2021
Current Use by Public Records
- Commercial real estate
Property Details for 352 Lewers St
- Year built
- 1988
- Lot size
- 0.09 lot acres
- Property size
- 2,260 SF
- Zone code
- U/X6/20
- Property type
- Commercial real estate
- APN
- 1-2-6-018-013
- APU
- 126018013
Description
This exceptional 2,260 square foot mixed-use building, located at 352 Lewers Street in Honolulu, Hawaii, presents a rare opportunity. Situated on a 4,108 square foot lot (APN 2-6-18: 13), this fee simple property boasts a highly visible corner location at the signalized intersection of Lewers Street and Kuhio Avenue. Built in 1988 and effectively renovated in 2000, the building is zoned RESCOM, offering significant potential for redevelopment into a multi-level mixed-use structure. While lacking on-site parking, its prime Waikiki location within walking distance of hotels, condos, and ample metered parking makes this a non-issue for most consumers. The property benefits from high pedestrian and vehicular traffic counts, with over 24 and 75 feet of street frontage along Kuhio and Lewers, respectively, and over 23,850 vehicles passing daily. This location in the heart of Waikiki, a top-performing tourist destination attracting 4 million visitors annually and generating $8.1 billion in visitor spending, presents an ideal owner-user opportunity or a lucrative net-leased investment. The high demand and scarcity of fee simple land in Waikiki create significant barriers to entry, making this a truly unique offering. The asking price is $6,200,000.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Honolulu
- County
- Honolulu
- State
- Hawaii
- Longitude
- -157.829
- Latitude
- 21.2814
- CBSA code
- 46520
- CBSA name
- URBAN HONOLULU, HI METROPOLITAN STATISTICAL AREA