3036 Waialae Avenue Honolulu HI 96816 MLS #202511158

Prime Commercial Property Investment Opportunity
Located in the Heart of Kaimuki | Near UH Manoa | Across from City Mill Kaimuki

Presenting a rare opportunity to acquire a high-performing commercial asset in one of Honolulu’s most dynamic and desirable neighborhoods — Kaimuki. This offering consists of two adjacent lots (TMK: 1-2-8-028-026, MLS 202509693), which must be sold together, and the listing price is the combined price of the two lots.

Property Highlights:
6 commercial units currently occupied by 5 restaurants and 1 hair salon. 100% leased and fully operational
20 on-site parking stalls — a rare amenity in this high-traffic area
Current Cap Rate: 4.5%
Zoning and location support strong long-term potential for rent growth and property value appreciation

Ideally situated just minutes from the University of Hawai‘i at Manoa and directly across the street from City Mill Kaimuki, this property benefits from constant foot traffic, local demand, and excellent visibility.