3036 Waialae Avenue
Kaimuki Neighborhood Retail Investment
Marketing description
Seldom-Available Kaimuki Investment Opportunity
3036 & 3040 Waialae Avenue offers a rare opportunity to acquire a well-located neighborhood retail center in the heart of the Kaimuki commercial district in Honolulu, Hawaii.
The property consists of 0.21 acres of fee simple land improved with approximately 4,949 square feet of retail space across six commercial units. The center is positioned along Waialae Avenue and benefits from strong street visibility and steady neighborhood foot traffic. The property is located directly across from City Mill Kaimuki and is surrounded by popular restaurants, boutique retailers, and neighborhood service businesses.
The center includes a mix of restaurant and service tenants and offers approximately 20 free on-site parking stalls, a rare amenity within the Kaimukī retail corridor. Five of the six units are currently leased, providing in-place income with potential upside through future lease rollover and tenant repositioning.
The offering includes two adjoining fee simple parcels identified as TMK 1-2-8-028-026 and TMK 1-2-8-028-037.
Investment highlights
• 0.21 acres of fee simple land
• Approximately 4,949 SF of retail building area
• Six commercial units with diversified tenant mix
• Five units currently leased, providing in-place income
• Located along Waialae Avenue, a primary commercial corridor
• Directly across from City Mill Kaimuki
• Approximately 20 on-site parking stalls, a rare amenity in Kaimuki
• Surrounded by established restaurants, boutiques, and neighborhood services
• Minutes from University of Hawaii at Manoa and Chaminade University of Honolulu
• Located in one of Honolulu’s most established neighborhood retail districts
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