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Investment Highlights

  • Excellent Street Visibility
  • Ideal Location in between Waikiki and Ala Moana
  • Rare Redevelopment Opportunity

Executive Summary

Build the next landmark on the iconic Kalakaua Avenue! 1694 Kalakaua Avenue presents a rare redevelopment and investment opportunity along one of Honolulu’s premier commercial corridors. The offering includes a BMX-3 zoned 12,932 SF lot, improved with an existing 7,843 SF mixed-use building. Also included is an “adjacent A-2 zoned 7,497 SF stream lot.” With strong visibility, street frontage, and a prime location near Waikiki and Ala Moana, this property offers exceptional potential for investors, developers, and owner-users.

Property Facts

Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,843 SF
Building Class
C
Year Built
1948
Price
$6,800,000
Price Per SF
$867.02
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.60
Lot Size
0.30 AC
Zoning
BMX-3/A-2 - BMX-3 & A-2 Joint Development The subject property consists of two contiguous parcels with complementary zoning designations that have been maximized.
Parking
13 Spaces (1.66 Spaces per 1,000 SF Leased)
Frontage
150’ on Fern St

Amenities

  • Corner Lot
  • Signage
  • Signalized Intersection

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Amina Pizzeria
  • Accommodation and Food Services
  • -
  • -
  • -
  • -
  • Beach Spa LLC
  • Arts, Entertainment, and Recreation
  • -
  • -
  • -
  • -
  • Cigarette Collection
  • Retailer
  • -
  • -
  • -
  • -
  • Hawaii Acupuncture Clinic
  • Health Care and Social Assistance
  • -
  • -
  • -
  • -
  • Hu's Trading
  • Retailer
  • -
  • -
  • -
  • -
  • Joe Kim Kimchi
  • -
  • -
  • -
  • Triple Net
  • -
  • Machete's Mean Sandwiches
  • Retailer
  • -
  • -
  • -
  • -
  • Moped Garage
  • -
  • -
  • -
  • Triple Net
  • -
  • Pho Bistro 2
  • Accommodation and Food Services
  • -
  • -
  • -
  • -
  • Waikiki Pawn
  • -
  • -
  • -
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Amina Pizzeria Accommodation and Food Services - - - -
Beach Spa LLC Arts, Entertainment, and Recreation - - - -
Cigarette Collection Retailer - - - -
Hawaii Acupuncture Clinic Health Care and Social Assistance - - - -
Hu's Trading Retailer - - - -
Joe Kim Kimchi - - - Triple Net -
Machete's Mean Sandwiches Retailer - - - -
Moped Garage - - - Triple Net -
Pho Bistro 2 Accommodation and Food Services - - - -
Waikiki Pawn - - - - -
Exceptionally walkable
100/100
Fairly drivable
40/100
Good public transit
70/100
Very bikeable
80/100

Nearby Major Retailers

24 Hour Fitness
Starbucks
American Savings Bank
First Hawaiian Bank
Central Pacific Bank
Nijiya Market
The Coffee Bean & Tea Leaf
Planet Fitness
L & L Hawaiian Barbecue
Buffalo Wild Wings

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 1-2-3-023-001-0000
  • 1-2-3-023-010-0000
Land Assessment
$4,391,700
Improvements Assessment
$805,300
Total Assessment
$5,197,000
  • Listing ID: 41098429

  • Date on Market: 6/29/2026

  • Last Updated:

  • Address: 1694 Kalakaua Ave, Honolulu, HI 96826

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