Queen Theater 3588 Waialae Ave 12,497 SF Vacant Retail Building Honolulu, HI 96816 For Sale

CBRE is pleased to present the opportunity to acquire the Queen Theater, an iconic fee simple commercial property located at 3588 Waialae Avenue in the Kaimuki neighborhood of Honolulu, Hawaii. Originally constructed in 1936, the Queen Theater is a long-standing and well-recognized asset situated along Waialae Avenue, Kaimuki’s primary commercial corridor.The Property comprises approximately 12,497 square feet of improvements on a 10,396-square-foot land parcel and is zoned B-2 (Community Business District). The asset is positioned as a covered land investment, with existing improvements supporting interim use while preserving long-term flexibility for adaptive reuse or repositioning.Offered fee simple and as-is, the Queen Theater represents a rare opportunity to control a prominent commercial site within a built-out, supply-constrained Honolulu neighborhood. The offering is well suited for investors seeking long-term ownership of a legacy asset with durable location fundamentals and future optionality.