413 Seaside Avenue

Honolulu, HI, 96815

$6,250,000

$1,200 per ft²
$6,250,000
$1,200 per ft²
Sold
Sold
carpenters-square
5,204 ft²
property_type
Commercial
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 tenant’s 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.
MLS® ID:
202225358
Listed:
12/6/22
Updated:
3/31/23
eXp Realty
Joel Cavasso
Office: (808) 216-9988Email: joelcavasso@me.com

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Floor Description
Other

Exterior/Building Features

Lot Size
5,309 ft² lot
Sewer
Connected

School Information

High School
Mckinley
Middle/Jr High
Washington
Elementary School
Kuhio

Other Property Details

Area Name
Metro
Taxes
$55964.04
Tax Frequency
per YEAR
Garage
No
Parking
On Site
View
N
Utilities
Gas, Light Electricity, Small Water Meter
Pool
No
Sub Agency Compensation
2

Property History

Date
Event
Price
Value
2/2/23
Active Under Contract
-
-
3/24/23
Price Change
$6,250,000
-13%
3/24/23
Sold
-
-

 

Courtesy of Standard Management LLC, Clint Crawford

Listing Contact: (808) 208-8107 

Based on information from the Multiple Listing Service of HI - Honolulu Board of REALTORS / HiCentral (HBR) listings last updated on 3/31/23 10:54 PM UTC. Information is deemed reliable but not guaranteed. Copyright: 2023 by the Honolulu Board of REALTORS®/ HICentral. Some of the active listings appearing 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, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. The MLS may, at its discretion, require the use of other disclaimers as necessary to protect participants and/or the MLS from liability.

©2023 Honolulu Board of REALTORS®/ HICentral. All rights reserved. 

Data last updated 10:54 PM UTC, 3/31/23

eXp Realty
Joel Cavasso
Office: (808) 216-9988Email: joelcavasso@me.com
Contact