516 Kuakini St Honolulu, HI 96817-2201
- Commercial real estate
- 3,229 SF
- 0.45 lot acres
Current Use by Public Records
- Pizza Hut / Take-out & Catering
Property Details for 516 Kuakini St
- Year built
- 1987
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.45 lot acres
- Property size
- 3,229 SF
- Zone code
- B-2
- Property type
- Commercial real estate
- APN
- 1-1-7-036-003
- APU
- 117036003
Description
This exceptional 3,229 square foot retail space, situated in the heart of Liliha at 516 North Kuakini Street, presents a rare turn-key opportunity for a discerning business owner. Currently entirely vacant, this strip center property offers immediate occupancy and significant potential. Built in 1987, the building sits on a generous 19,752 square foot lot and is zoned B-2, allowing for a variety of uses. The property boasts 29 total parking spaces, ensuring ample convenience for customers and employees. Its strategic location directly across from the iconic Liliha Bakery provides unparalleled visibility and access to a high-traffic area. The surrounding neighborhood is densely populated, with a strong concentration of residents, employees from nearby Kuakini Medical Center and Saint Francis Medical Center, and students attending several prominent schools including Kamehameha Schools, St. Francis High School, Hawaii Baptist Academy, Assets High School, Ma'ema'e Elementary, and Lanakila Elementary School. The property's Assessed Parcel Number (APN) is 1-7-36-3 in Honolulu County. This is a truly unique opportunity to establish a thriving business in a vibrant and well-established community. The entire 3,229 square feet is available for immediate lease.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $930,000
- 6.5%
- $855,000
- 7%
- $795,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $891,000
Market price range: $142k - $891k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $905,000 Current use
- WAREHOUSE, STORAGE
- $895,000 Change: -1% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Honolulu
- County
- Honolulu
- State
- Hawaii
- Longitude
- -157.858
- Latitude
- 21.3244
- CBSA code
- 46520
- CBSA name
- URBAN HONOLULU, HI METROPOLITAN STATISTICAL AREA