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The offering consists of the fee simple interest in 54-124 & 54-126 Kamehameha Highway, located in the heart of Hau‘ula on O‘ahu’s North Shore, directly across from Hau‘ula Beach Park and adjacent to 7-Eleven. The property encompasses 40,470 square feet of predominantly commercial-zoned land with approximately 265 feet of frontage along Kamehameha Highway, the island’s main coastal thoroughfare. A 7,780-square-foot commercial building anchors the site — an exceptionally rare find along this stretch of the North Shore. The commercial space is currently occupied by the seller’s business, Aloha Hawaii Gifts, which pays rent well below market. Two residential tenants and a food truck also occupy portions of the property, all at under-market rents. At sale, the seller will vacate the commercial space or continue month-to-month, offering flexibility for an owner-user, value-add investor, or developer. Options include re-tenanting at market rates, demising into multiple spaces for higher income, or redeveloping the site over time while leveraging existing income to offset carrying costs. Includes 2 parcels: 1-5-4-2-5 & 6