Description
RARE opportunity to acquire Park Plaza — offered for the first time ever. This mixed-use 6-story building is situated in a PRIME location along Ala Moana Boulevard in Waikiki and features 20 units with consistent tenant demand and meaningful upside through upgrades and long term repositioning. Investors benefit from diversified income across 19 units currently operated as residential, with potential for commercial use subject to zoning (eighteen 1/1s + one 2/1 penthouse with spacious outdoor lanais) all with separate electric meters, along with a ground floor commercial space with strong foot traffic and high visibility. The Waikiki Special District Apartment Mixed Use zoning provides both residential and commercial flexibility in a highly desirable, centrally located area. On site parking (6 stalls), with several nearby monthly parking options for tenants. Close to Waikiki and Ala Moana beaches, Ala Moana Shopping Center, Convention Center, Kakaako, restaurants, dining, and more. A once-in-a-generation opportunity to own an entire mixed-use building at the gateway to both Waikiki and Ala Moana
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0.14ACRES
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01/2 BATHS
School Ratings & Info
Description
RARE opportunity to acquire Park Plaza — offered for the first time ever. This mixed-use 6-story building is situated in a PRIME location along Ala Moana Boulevard in Waikiki and features 20 units with consistent tenant demand and meaningful upside through upgrades and long term repositioning. Investors benefit from diversified income across 19 units currently operated as residential, with potential for commercial use subject to zoning (eighteen 1/1s + one 2/1 penthouse with spacious outdoor lanais) all with separate electric meters, along with a ground floor commercial space with strong foot traffic and high visibility. The Waikiki Special District Apartment Mixed Use zoning provides both residential and commercial flexibility in a highly desirable, centrally located area. On site parking (6 stalls), with several nearby monthly parking options for tenants. Close to Waikiki and Ala Moana beaches, Ala Moana Shopping Center, Convention Center, Kakaako, restaurants, dining, and more. A once-in-a-generation opportunity to own an entire mixed-use building at the gateway to both Waikiki and Ala Moana
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