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611 Cooke St 2,900 sq ft Retail Property Honolulu, HI 96813 £2,242,578 (£773.30/sq ft) 4.20% Net Initial Yield
EXECUTIVE SUMMARY
This is an excellent opportunity for an owner/user or investor to purchase a free-standing retail / industrial building in sizzling hot Kaka'ako. The building is located on Cooke Street which has existing sidewalks and drainage, is not in a flood zone, and qualifies for Ordinance 16-21 (lowers RPT by 50% for certain industrial uses). The building is currently occupied, please do not disturb the tenant. Showings by appointment only.
PROPERTY FACTS
Sale Type
Investment or Owner Occupier
Property Type
Retail
Property Subtype
Property Size
2,900 sq ft
Costar Property Class
C
Year Built
1961
Price
£2,242,578
Price per sq ft
£773.30
Yield
4.20%
NOI
£94,220
Tenancy
Single
Number of Floors
1
Plot ratio
0.61
Total Plot Size
0.11 ac
Use Class
HCDA - Located in Central Kaka'ako which is mixed/use (similar to BMX-3) so almost every commercial and light industrial use is permitted.
Parking
4 Spaces (1.38 Spaces per 1,000 sq ft Leased)
Frontage
51 ft on Cooke St
AMENITIES
- Fenced Lot
- Signage
- Air Conditioning
Walk Score®
Excellent pedestrian access (96)
Transit Score®
Excellent Public Transport (78)
Bike Score®
Good for cycling (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1-2-1-050-059-0000 | Improvements Assessment | £53,092 |
| Land Assessment | £1,271,218 | Total Assessment | £1,324,310 |
PROPERTY TAXES
Parcel Number
1-2-1-050-059-0000
Land Assessment
£1,271,218
Improvements Assessment
£53,092
Total Assessment
£1,324,310
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611 Cooke St
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