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MLS: 202525621 (Active - For Sale)
 
Asking Price: $8,950,000 FS - Fee Simple
Type: Commercial
District: Metro
Address: 3040 Waialae Avenue, Honolulu, HI
Neighborhood: University
Beds: 0   Land Area: 9,062 SF
Parking: On Site,Unassigned
Amenities: Private Restroom
Days on Market: 23
Year Built: 1955
Easements: Other
Zoning: 32 - B-2 Community Business Dis
Land Recorded: None
Property Taxes: $1,290
Assessed Value: $2,497,000
Assessed Ratio: 358.43%
Listing Courtesy: HI Choice Realty
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Prime Commercial Property Investment Opportunity Located in the Heart of Kaimuki | Near UH Manoa | Across from City Mill Kaimuki Presenting a rare opportunity to acquire a high-performing commercial asset in one of Honolulu’s most dynamic and desirable neighborhoods — Kaimuki. This offering consists of two adjacent lots (TMK: 1-2-8-028-037), which must be sold together, and the listing price is the combined price of the two lots. Property Highlights: 6 commercial units currently occupied by 5 restaurants and 1 hair salon. Recently one vacant, 20 on-site parking stalls — a rare amenity in this high-traffic area Current Cap Rate: 4.5% Zoning and location support strong long-term potential for rent growth and property value appreciation Ideally situated just minutes from the University of Hawai‘i at Manoa and directly across the street from City Mill Kaimuki, this property benefits from constant foot traffic, local demand, and excellent visibility.


 
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Copyright: 2015 by the HiCentral MLS, Ltd.
 
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