Contact:
I2C Realty, Ltd.
Ronald Lee (B)
808.386.0953
email: aloharon@hawaii.rr.com

Property Description:

Attractive eight-story concrete structure of approximately 14,956 GROSS bldg. sf with Rose Antico ceramic tile and marble exterior front fascia and marble tile lobby. Built around 1990 as an office/restaurant complex. Seller recently converted office floors to residential units.

FLR 3-7: Each floor considered one unit with 5 bedrooms each w/toilet/shower, + 1 storage/study room; living/dining/kitchen area; 1 existing toilet/shower.

FLR 8: This floor considered one unit with kitchen and 3 bedrooms each w/toilet/shower.

FLR 2: Former restaurant space with commercial kitchen.

*Renovation still in progress--price to be adjusted based on completion of final project. Property to be sold in As-Is, Where-Is condition.

Location Description:

Located between Kalakaua Ave. and Ala Moana Blvd. Two blocks from the Hawaii Convention Center at the Gateway to Waikiki. Close to Hilton Hawaiian Village, Hale Koa, & Ilikai Hotels, Waikiki Landmark, Allure Waikiki planned condos, Double Tree Alana Waikiki, Fort DeRussy, and the beach.

Property Types: Mid/High-Rise / Restaurant

No. Stories: 8

TMK: 1-2-6-007-021

Comments:

Location combined with a flexible building design offers a range of opportunities from multi-family living in luxury to a self-contained building with a commercial kichen facility possible! Existing infrastructure in place for mechanical parking garage which with some modification could possibly increase the property parking from the present eight stalls to a capacity of 26 stalls.

A separate front entry allows for the commercial kitchen/restaurant facility on the second floor to be accessed and used almost separately from the rest of the building areas allowing for excellent income potential.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. I2C Realty, Ltd. represents the seller only.