819 Cedar St Honolulu, HI 96814-2330

Property Details for 819 Cedar St

Year built

1972

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.15 lot acres

Property size

6,475 SF

Zone code

BMX-3

Property type

Commercial real estate

APN

1-2-3-013-048

APU

123013048

Description

This exceptional two-story, 6,475 square foot executive office building, located at 819 Cedar Street in Honolulu, Hawaii, presents a rare investment opportunity. Built in 1972, this well-maintained property boasts a prime location between Elm and Rycroft Streets, offering excellent visibility and accessibility. Currently 100% leased, the building provides a strong, stable income stream with the potential for future rent adjustments to market rates. The property features a Net Net Net (NNN) lease structure and a pro-forma NOI of $170,000, resulting in a 4.86% pro-forma cap rate. The asking price is $3,500,000, translating to $540.54 per square foot. The BMX-3 zoning allows for flexibility in usage, making it suitable for a variety of businesses or potential conversion to other uses. The 6,402 square foot lot includes an open parking area accommodating up to ten vehicles. This fee-simple ownership opportunity is ideal for owner-users seeking a centrally located space or investors looking for a strong return in a highly desirable Honolulu market. The property's size and location make it an attractive option for businesses serving central Honolulu. The APN is (1)2-3-013: 048. This is a multi-tenancy building situated in Honolulu County, zip code 96814.

Location Insight

City

Honolulu

County

Honolulu

State

Hawaii

Longitude

-157.842

Latitude

21.2973

CBSA code

46520

CBSA name

URBAN HONOLULU, HI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments