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Residential & Commercial Mix Used 3 Story Building For Sale


Property Description

About two years old, 3 story commercial mix use building on 1811sf B2 zone land. The is a all concrete building built to commercial standard that can be used as all commercial or commercial/residential mix use. Total interior area is about 2500 sf + 800 sf other area under roof. Ground floor has about 500 sq ft of store space with 12' ceiling & 4 to 7 car parking area. Second floor area is 1400 sq ft include 1bedroom/1 bath & 2bedroom/2bath & 10' high ceiling. Third floor is a 340 sq ft studio with full bath, 9' ceiling. Outside of the studio is 900 sq ft of open deck recreation area with a commercial style barbecue. This area has 360 degree view of the mountain, city & ocean with no obstruction. I pay about $130 in electric bill a month because the whole building is cool, bright & breezy all year round
I am the owner & seller of this building. I will offer 3% countesy to buyer's agent. Showing will be for qualify buyers only. I guarantee you that you will not find another building like this in Honolulu. The only reason why I am selling is because my daughter moved out recently & will not help with my business. Now, only my wife & I occupy a three story building. It is just a waste of money & space. We don't want to deal with tenants & the store space is no longer needed.

FYI, commercial mix use property costs a lot more to build compare to residential property.
Commercial building cost is $250 to $300 per sf.
Residential property cost is $140 to $175 per sf.

Asking price is $980,000.00 which is very close to rebuilding cost.
I will also accept exchange of property:
A, 1 or 2 bedroom apartment in Makiki area.
B, Old house or land from Liliha to Diamond Head(less than $500,000) for rebuild.


Contact Information

Contact person: owner
Seller Type: PrivateOwner
Phone: 841-4567
Email:
Web Link:


Listing Information

Listing Status: For Sale
Property Type: Mixed Use
Price($): 980000
Street Address: 1227 N. School St
City: Honolulu
Region: Hawaii
ZIP/Postal Code: 96817
Bedrooms:
Bathrooms:
Stories:
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Lot Size:
Year Built:
Owner Finance: No
Cap Rate:
Net Operating Income:
Price Per Square Foot:



Additional Feature:




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All information provided by the listing agent/broker or by the seller is deemed reliable, but is not guaranteed and should always be independently verified.


 

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