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Highlights

  • PRIME WAIKIKI LOCATION
  • WELL-LOCATED ASSET IN PREMIER TOURIST DESTINATION
  • STRONG RESTAURANT PERFORMANCE
  • RARE RESTAURANT OPPORTUNITY

All Available Space(1)

Display Rental Rate as

  • Space
  • Size
  • Term
  • Rental Rate
  • Space Use
  • Build-Out
  • Available
  • 1st Floor
  • 5,570 SF
  • Negotiable
  • $120.00 /SF/YR $10.00 /SF/MO $668,400 /YR $55,700 /MO
  • Retail
  • -
  • Now

Plus 1,314 sf lanai Tenant Allowance: $150/SF Percentage Rent: 8%

  • Lease rate does not include utilities, property expenses or building services
Space Size Term Rental Rate Space Use Build-Out Available
1st Floor 5,570 SF Negotiable $120.00 /SF/YR $10.00 /SF/MO $668,400 /YR $55,700 /MO Retail - Now

1st Floor

Size
5,570 SF
Term
Negotiable
Rental Rate
$120.00 /SF/YR $10.00 /SF/MO $668,400 /YR $55,700 /MO
Space Use
Retail
Build-Out
-
Available
Now

1st Floor

Size 5,570 SF
Term Negotiable
Rental Rate $120.00 /SF/YR
Space Use Retail
Build-Out -
Available Now

Plus 1,314 sf lanai Tenant Allowance: $150/SF Percentage Rent: 8%

  • Lease rate does not include utilities, property expenses or building services

Property Facts

Total Space Available 5,570 SF
Property Type Hospitality
Property Subtype Hotel
Building Size 140,156 SF
Year Built/Renovated 2009/2025

About the Property

Rarely available own restaurant opportunity for lease in the highly sought-after premier tourist destination of Waikiki, on the island of Oahu, Hawaii. The street level, ± 5,570 square foot condominium with ± 1,314 square foot lanai is located at the corner of Kalia Road and Beach Walk at the Ka La’i Waikiki Beach Hotel. Oahu and Waikiki boast world-class dining. Waikiki has historically had three restaurants doing well over $20M in sales, Wolfgang Steakhouse, The Cheesecake Factory, and Duke’s. In addition, of the 18 restaurants on Oahu which do over $10M in sales, 14 of these restaurants are in Waikiki. The newly rebranded Ka La’i Waikiki Beach is a 38-story, 462-room hotel and condos near Fort DeRussy Park marks the Hilton luxury brand’s first Oahu property. (The hotel itself is owned by Irongate and managed by LXR Hotels & Resorts.) The property has begun extensive renovations to reflect the new high-end aesthetics and will be the first time the property will be renovated since it originally opened in 2009. 223 Saratoga Road is a prime corner location, formerly occupied by BLT Steak, a short distance from 35,000 hotel rooms, Kalakaua Avenue and the Waikiki beach front.

Features and Amenities

  • Balcony
  • Business Center
  • Fitness Center
  • Pool
  • Restaurant
  • Room Service
  • Spa
  • On-Site Retail
  • High Speed Internet Access
  • Patio
  • On-Site Bar
  • Destination Resort
  • Boutique/Lifestyle Hotel
  • Meeting Event Space
  • Wedding Venue
  • Public Access Wifi
  • Smoke-Free
  • Hot Tub
  • Fully-Equipped Kitchen
  • Multi-Room Suites
Exceptionally walkable
90/100
Moderately drivable
70/100
Good public transit
70/100
Very bikeable
80/100

Nearby Major Retailers

Starbucks
First Hawaiian Bank
Denny's
Hard Rock Cafe
Roy's
Ruth's Chris Steak House
Yard House
Gyu-Kaku Japanese BBQ
P.F. Chang's
IHOP
  • Listing ID: 40743629

  • Date on Market: 6/1/2026

  • Last Updated:

  • Address: 223 Saratoga Rd, Honolulu, HI 96815

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