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239 Merchant St 8,514 SF Office Building Honolulu, HI 96813 For Sale
Investment Highlights
- PRIME LOCATION in downtown Honolulu
- NAMING OPPORTUNITY for full building
- BMX ZONING allows for office, retail and residential use
- OWNER-USER OPPORTUNITY to occupy
- INVESTOR OPPORTUNITY to lease up vacancy and/or convert to residential
- CONSOLIDATE THREE PARCELS by acquiring the neighboring properties to create one of the few developable properties remaining in downtown Honolulu
Executive Summary
Rare opportunity for an owner-user to acquire a functional, stand-alone office building. 239 Merchant consists of two floors, each ~4,000 sq ft, with multiple built out private offices and additional mezzanine space for storage or further work space. BMX zoning also allows for a variety of uses outside of office, including retail and/or residential. Contains its own elevator and double glass door entrance. Excellent visibility with ground floor windows and opportunity for signage on Merchant Street in downtown Honolulu, near the main Post Office. Neighboring properties 233 Merchant Street and 850 Richards Street also for sale which presents the opportunity to purchase together and combine properties for redevelopment, or, purchase separately.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
8,514 SF
Building Class
B
Year Built
1940
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
4,257 SF
Slab To Slab
9’
Building FAR
1.98
Lot Size
0.10 AC
Zoning
BMX-4 - BMX stands for "Business Mixed Use" and allows for office, retail and residential uses.
Amenities
- Bus Line
- Open-Plan
- Partitioned Offices
- Air Conditioning
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Exceptionally walkable
90/100
Moderately drivable
60/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 1-2-1-016-013-0000 | Improvements Assessment | $949,300 |
| Land Assessment | $1,683,700 | Total Assessment | $2,633,000 |
Property Taxes
Parcel Number
1-2-1-016-013-0000
Land Assessment
$1,683,700
Improvements Assessment
$949,300
Total Assessment
$2,633,000
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239 Merchant St
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