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413 Seaside Avenue

Honolulu, HI 96815
  • $7,250,000
  • STATUS: Active
  • ON SITE: 53 Days
  • MLS #: 202225358
UPDATED: 66 min ago
$7,250,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,204
    SQFT
  • $1,393
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1939
Area:

School Information

Elementary School:
Middle School:
High School:

Description

The Zigu Building is a beautiful historic two-story retail building with an art deco-Asian decorative design and features an exclusive courtyard. Formerly a part of the Cooper Apartments, the property was converted to a retail use several years ago to make use of its prime location just off of Kuhio Avenue in the heart of Waikiki. As a result of its unique design and rich history, the property was placed on the Hawaii historic registry in 2017.The offering includes both TMKs: 1-2-6-21-56, and 1-2-6-21-62 which have a total of 5,309 square feet of APARTMIX zoned land.The property is 100% leased on a long-term lease through 2036 to Zetton, Inc. (publicly traded in Japan) which operates its Zigu restaurant here. The tenant pays a net rent to the landlord who is only responsible for costs relating to the roof, structure, or exterior landscaping. In addition, the tenant pays monthly percentage rent based on its gross sales. This provides an investor with further potential upside, should the tenants sales increase.Also available for sale is the neighboring Cooper Apartments (15 unit multifamily property) for a total of 16,557 sf of land area.

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© 2023 HiCentral MLS, Ltd. All rights reserved.
Some of the active listings on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Oahu Group | Keller Williams Honolulu.

Licensed in the State of Hawaii, USA.
www.buyselloahuhomes.com/homes/135287490
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413 Seaside Avenue Honolulu, HI 96815

  • Price: $7,250,000
  • Status: Active
  • On Site: 53 Days
  • Updated: 66 min ago
  • MLS #: 202225358
0
Beds
0
Baths
0
½ Baths
0.12
Acres
5,204
SQFT
$1,393
$/SQFT
1939
Built
Neighborhood:
Waikiki
Area:
Metro
Elementary School:
Kuhio
Middle School:
Washington
High School:
Mckinley
Property Description
The Zigu Building is a beautiful historic two-story retail building with an art deco-Asian decorative design and features an exclusive courtyard. Formerly a part of the Cooper Apartments, the property was converted to a retail use several years ago to make use of its prime location just off of Kuhio Avenue in the heart of Waikiki. As a result of its unique design and rich history, the property was placed on the Hawaii historic registry in 2017.The offering includes both TMKs: 1-2-6-21-56, and 1-2-6-21-62 which have a total of 5,309 square feet of APARTMIX zoned land.The property is 100% leased on a long-term lease through 2036 to Zetton, Inc. (publicly traded in Japan) which operates its Zigu restaurant here. The tenant pays a net rent to the landlord who is only responsible for costs relating to the roof, structure, or exterior landscaping. In addition, the tenant pays monthly percentage rent based on its gross sales. This provides an investor with further potential upside, should the tenants sales increase.Also available for sale is the neighboring Cooper Apartments (15 unit multifamily property) for a total of 16,557 sf of land area.
Exterior Features

Construction Materials Other Parking Features On Site Property Frontage Main Street Sqft Other 0 Stories Type Two

Interior Features

Flooring Other Sqft Interior 5204

Property Features

Amenities None Building Name N/A Easements Driveway Flood Zone Zone Ae Land Tenure Fs - Fee Simple Property Condition Excellent Property Sub Type Commercial/Industrial Property Type Commercial/Industrial Sewer Connected Utilities GasLight ElectricitySmall Water Meter

Listings provided courtesy of Standard Management Llc: (808) 208-8107.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Listings last updated on 2023-01-30T18:53:28.713. Information is deemed reliable but not guaranteed. Copyright: 2023 by HiCentral MLS, Ltd.


© 2023 HiCentral MLS, Ltd. All rights reserved.
Some of the active listings on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Oahu Group | Keller Williams Honolulu.

Licensed in the State of Hawaii, USA.
 
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The Oahu Group | Keller Williams Honolulu
1347 Kapiolani Blvd. #300
Honolulu HI, 96814