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2325 Lime Street Honolulu HI 96826 MLS #202415898

PRIME CORNER LOT PERFECT FOR BILL 7 CONSIDERATION! This large 10,000+ sf corner lot has convenient access to public transportation, the freeway, University of Hawaii and local schools. The apartment building has eight 2-bedroom/1-bath units with mostly long-term tenants who have benefited from under-market rents. The majority of tenants are on a month-to-month rental. Here’s an opportunity to upgrade units to maximize income. Or rebuild, taking advantage of the City & County’s Bill 7 and Bill 3. Buyers to do their own due diligence regarding these programs and the significant concessions available to builders. Priced at commercial appraisal dated July 10, 2024. Do not disturb tenants or walk on the property without a prior appointment.

Property Details

Price:
$3,750,000
MLS #:
202415898
Status:
Active
Beds:
0
Baths:
0
Address:
2325 Lime Street
Type:
Commercial
Subtype:
Industrial
Subdivision:
MOILIILI
Neighborhood:
Metro
City:
Honolulu
Listed Date:
Oct 18, 2024
State:
HI
Finished Sq Ft:
6,606
Total Sq Ft:
6,606
ZIP:
96826
Lot Size:
440,609,400 sqft / 0.23 acres (approx)
Year Built:
1944

Schools

Interior

Cooling
None, One Unit
Flooring
Other

Exterior

Community Features
None
Construction Materials
Other, Wood Frame
Parking Features
Assigned

Financial

Net Operating Income
$-8,117
Taxes
$9,963

Map

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2325 Lime Street
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