1542 Young St Honolulu, HI 96826

Property Details for 1542 Young St

Year built

1986

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.22 lot acres

Property size

14,718 SF

Zone code

A-2

Property type

Commercial real estate

APN

1-2-4-006-004

APU

124006004

Description

This exceptional fee-simple, three-story building, located at 1542 Young Street in Honolulu, Hawaii, presents a compelling investment opportunity. The Imperial Business Plaza offers 14,718 square feet of versatile space, including 9,826 square feet of net rentable area, currently configured as a traditional office building with ground-floor parking. The property features 27 parking spaces, a significant advantage in a high-demand urban location. Built in 1986, this Class B building is situated on a 9,600 square foot lot and is zoned BMX-3, allowing for a variety of uses, including potential multi-family redevelopment. Its prime location just off Kalakaua Avenue provides easy access to the H-1 Freeway, downtown Honolulu, Waikiki, and the University of Hawaii, all within a five-minute radius. The asking price is $4,700,000, translating to $319.34 per square foot. This mixed-use property, with its 14 units and strong pedestrian and vehicle traffic, offers excellent exposure and accessibility, making it ideal for an owner-user or a developer seeking a value-add opportunity in a thriving Honolulu market. The property is offered as a NNN lease.