808-429-9757
249 Merchant St, Honolulu, HI for Sale
Office/Residential - FOR SALE
1/7
null | Request Cap Rate

249 Merchant St
Honolulu, HI 96813


HIGHLIGHTS

  • PRIME LOCATION in downtown Honolulu
  • OWNER-USER OPPORTUNITY to occupy some or all of the 10,000 sf of vacancy
  • 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

850 Richards St. is a seven-story boutique office building featuring two ground floor retail spaces and 4 full floor office spaces and 2 multi-tenant floors including a unit that could be rented as a 2 BR residential loft. The property is ideal for an owner-user who could lease the currently vacant spaces which include the entire 2nd and 7th floors and collect income from the existing tenant base. This could also be an excellent long term, multi-tenant investment property. Alternatively, the BMX- zoning also allows for residential use for some or all of the property. The neighboring two office buildings, 233 Merchant Street and 239 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

The Eight Fifty Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

7

BUILDING CLASS

B

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

BMX-4

APN/PARCEL ID

1-2-1-016-007-0000

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.