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Listed by HI Choice Realty
$ 8,950,000
Est. payment /mo
New
3040 Waialae AVE Honolulu, HI 96816
UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Subdivision University
MLS Listing ID 202525621
Construction Status Good Condition
HOA Y/N No
Year Built 1955
Annual Tax Amount $15,481
Property Sub-Type Industrial
Property Description
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), 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. Recently one vacant, 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 Highlights: 6 commercial units currently occupied by 5 restaurants and 1 hair salon. Recently one vacant, 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.
Location
State HI
County Oahu
Area Metro
Interior
Cooling 1 Unit
Flooring Concrete
Fireplace No
Exterior
Parking Features On Site, Unassigned
Utilities Available Natural Gas Available, Sewer Connected
Total Parking Spaces 20
Building
Story 1
Entry Level One
Sewer Connected
Level or Stories One
Construction Status Good Condition
Others
Tax ID 1-2-8-028-026-0000
Special Listing Condition None
