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: 1-2-8-028-037, MLS 202511158), 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.
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: 1-2-8-028-037, MLS 202511158), 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.
Property Details
Price:
$9,600,000
MLS #:
202509693
Status:
Active
Beds:
0
Baths:
0
Address:
3040 Waialae Avenue
Type:
Commercial
Subtype:
Industrial
Subdivision:
UNIVERSITY
Neighborhood:
Metro
City:
Honolulu
Listed Date:
May 15, 2025
State:
HI
Finished Sq Ft:
4,949
Total Sq Ft:
4,949
ZIP:
96816
Lot Size:
394,740,720 sqft / 0.21 acres (approx)
Year Built:
1955
Schools
Interior
Cooling
One Unit
Flooring
Concrete
Exterior
Construction Materials
Brick
Parking Features
On Site, Unassigned
Parking Spots
20
Financial
Taxes
$30,894
Map
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