808-429-9757
233 Merchant St, Honolulu, HI for Sale
Office/Residential - FOR SALE
1/3
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233 Merchant St
Honolulu, HI 96813


HIGHLIGHTS

  • PRIME LOCATION in downtown Honolulu
  • OWNER-USER OPPORTUNITY to occupy some or all of the 11,769 sf of vacancy and rent out the rest
  • INVESTOR OPPORTUNITY to lease up vacancy and/or convert to residential
  • BMX zoning allows for office, retail and residential use
  • SECURED BUILDING including key fob access by floor
  • CONSOLIDATE THREE PARCELS by acquiring the neighboring properties to create one of the few developable properties remaining in downtown Honolulu

OVERVIEW

233 Merchant St. is a six-story boutique office building featuring a ground floor retail space, 4 full-floor suites with private elevator access and a penthouse suite. The building has undergone extensive renovations including elevator modernization, new HVAC equipment, and floor-by-floor renovations of the office space. The property is ideal for an owner-user with 5 of the 6 floors vacant. An existing tenant is on a short-term lease and can either provide stable in-place cash flow or an owner-user could occupy the entire building. Alternatively, the BMX- zoning also allows for residential use for some or all of the property. The neighboring two office buildings, 239 Merchant Street and 850 Richards Street, are also for sale, which may be purchased together or separately. They offer an investor up to 10,896 sf of BMX-4 land area for a potential long-term redevelopment of the area

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

233 Merchant Street

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Storefront, Storefront Retail/Residential, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

B

YEAR BUILT

1914

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

BMX-4

APN/PARCEL ID

1-2-1-016-012-0000

ASK ABOUT THIS PROPERTY

Jamie BrownHawaii Commercial Real EstateMore Info
808-429-9757

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Jamie BrownHawaii Commercial Real EstateMore Info
808-429-9757

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.