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The space is currently leased on a month-to-month basis to a prominent architectural firm, generating approximately $9,000 per month in rental income. This provides flexibility for future redevelopment while still maintaining cash flow in the interim. 15 existing parking stalls, with the potential for reconfiguration to increase capacity. Street parking is also available, enhancing accessibility for tenants and customers. Zoning & Redevelopment Potential BMX-3 (Community Business Mixed-Use) Zoning: Allows for a mix of residential, retail, office, and other commercial uses. FAR (Floor Area Ratio): 2.5, expandable to 3.5 with open space bonuses, allowing for significant vertical development. Height Limit: 150 feet, making it suitable for mid-rise or high-rise development. Proximity to Waikiki, University of Hawaii, and major retail and dining corridors makes it highly desirable for commercial or mixed-use projects. Bill 7 Redevelopment Potential: The property may qualify for higher-density affordable housing incentives, encouraging investment in residential development.