2556 Lemon Rd Honolulu, HI 96815
- Hotels
- 5,800 SF
- 0.22 lot acres
Current Use by Public Records
- Hawaiian Style Rentals & Sales on Lemon Road / Moped Dealer / Bicycle Rental Service
- Hawaii Scoot Coupe / Car Rental Agency
- Waikiki Beachside Hostel / Hostel
Property Details for 2556 Lemon Rd
- Year built
- 1965
- Lot size
- 0.22 lot acres
- Property size
- 5,800 SF
- Zone code
- U/X6/20
- Property type
- Hotels
- APN
- 1-2-6-027-023
- APU
- 126027023
Description
This exceptional retail opportunity is situated within the vibrant Waikiki Beachside Hostel at 2556 Lemon Rd, Honolulu, HI 96815. The property consists of two separate retail spaces, totaling 900 square feet of vacant space, within a larger 11,276 square foot building. Each space offers approximately 400-500 square feet and benefits from existing plumbing and a private restroom. Outdoor seating is also available, enhancing the appeal for customers. The building, constructed in 1965 and renovated in 2014, features two buildings with four stories each. The property sits on a 9,500 square foot lot (0.22 acres) and is zoned U/X6/20. Its convenient location near Paoakalani Street provides easy access to abundant public parking. This prime location in the heart of Oahu's highest-density tourist area offers unparalleled exposure and foot traffic. The property includes two suites in total and boasts a desirable location for a cafe or similar retail business. The property's APN is 1-2-6-027-023-0001, 1-2-6-027-023-0017. Electricity is available on site. This is a rare opportunity to establish a thriving business in one of Hawaii's most sought-after destinations.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,045,000
- 6.5%
- $1,710,000
- 7%
- $1,980,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,135,000
- Geo Method
- $1,640,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,640,000
- Retail
- $1,955,000
- Mixed-Use
- $1,570,000
- Hospitality
- $2,190,000
- Educational
- $2,055,000
- Residential Income
- $2,145,000
- Energy
- $1,615,000
- Income-Based Land
- $1,585,000
- Food Service
- $1,950,000
Location Insight
- Map
- Local Demand
- City
- Honolulu
- County
- Honolulu
- State
- Hawaii
- Longitude
- -157.822
- Latitude
- 21.2727
- CBSA code
- 46520
- CBSA name
- URBAN HONOLULU, HI METROPOLITAN STATISTICAL AREA
