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Investment Highlights

  • Located along Waialae Avenue, a primary commercial corridor
  • Surrounded by established restaurants, boutiques, and neighborhood services
  • Located in one of Honolulu’s most established neighborhood retail districts
  • Minutes from University of Hawaii at Manoa and Chaminade University of Honolulu
  • Six commercial units with diversified tenant mix
  • Directly across from City Mill Kaimuki

Executive Summary

Seldom Available Investment...Ideal location near heart of Kaimuki business district with local favorite eateries and boutiques. Foot traffic...near UH Manoa, Chaminade College...located across City Mill. Hi-visability mall with restaurants, beauty salon. Lots of free parking...about 20-stalls. Five of six units currently leased. Listing for two adjoining lots: TMK 1/2-8-028-026 & 1/2-8-028-037. Combined monthly property tax - $5296.35.

Property Facts

Sale Type
Investment
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,949 SF
Building Class
C
Year Built
1955
Price
$8,750,000
Price Per SF
$1,768.03
Cap Rate
5.40%
NOI
$472,500
Percent Leased
80%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.54
Lot Size
0.21 AC
Zoning
B-2 - Honolulu's B-2 Community Business District
Parking
20 Spaces (4.04 Spaces per 1,000 SF Leased)
Frontage
45’ on Waialae Ave

Amenities

  • Bus Line
  • Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 1,944 SF
  • Restaurant
  • End Cap
  • Now

The available retail space totals approximately 1,944 square feet and is built out for a food service operator. The space includes an existing grease trap and hood, allowing for a more efficient setup for restaurant or prepared food concepts. The layout offers frontage and accessibility that supports customer flow, with proximity to on-site parking and visibility from Waialae Avenue. The condition and existing improvements make the space well suited for operators seeking a functional, plug-and-play opportunity.

Space Size Space Use Position Available
1st Floor 1,944 SF Restaurant End Cap Now

1st Floor

Size
1,944 SF
Space Use
Restaurant
Position
End Cap
Available
Now

1st Floor

Size 1,944 SF
Space Use Restaurant
Position End Cap
Available Now

The available retail space totals approximately 1,944 square feet and is built out for a food service operator. The space includes an existing grease trap and hood, allowing for a more efficient setup for restaurant or prepared food concepts. The layout offers frontage and accessibility that supports customer flow, with proximity to on-site parking and visibility from Waialae Avenue. The condition and existing improvements make the space well suited for operators seeking a functional, plug-and-play opportunity.

Very walkable
80/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
40/100

Nearby Major Retailers

Times Supermarkets
L & L Hawaiian Barbecue
American Savings Bank
Foodland
Central Pacific Bank
Territorial Savings Bank
Zippy's
Starbucks
Safeway
Jazzercise

Property Taxes

Property Taxes

Parcel Number
1-2-8-028-026-0000
Land Assessment
$2,083,700
Improvements Assessment
$413,300
Total Assessment
$2,497,000
  • Listing ID: 40044928

  • Date on Market: 2/24/2026

  • Last Updated:

  • Address: 3036 Waialae Ave, Honolulu, HI 96816

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