About 3040 Waialae Avenue
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, MLS 202511158), 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. 100% leased and fully operational 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.
Features of 3040 Waialae Avenue
| MLS® # | 202509693 |
|---|---|
| Price | $9,600,000 |
| Bathrooms | 0.00 |
| Acres | 0.21 |
| Year Built | 1955 |
| Type | Commercial Sale |
| Sub-Type | Industrial |
| Status | Active |
Community Information
| Address | 3040 Waialae Avenue |
|---|---|
| Area | Metro |
| Subdivision | UNIVERSITY |
| City | Honolulu |
| County | Oahu |
| State | HI |
| Zip Code | 96816 |
| Condo Name | n/a |
Amenities
| Utilities | Natural Gas Available, Sewer Connected |
|---|---|
| Parking Spaces | 20 |
| Parking | On Site, Unassigned |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Cooling | OneUnit |
|---|---|
| Fireplace | No |
| Stories | One |
Exterior
| Exterior | Brick |
|---|
Additional Information
| Days on Market | 159 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Lease Fee | $0 |
Listing Details
| Office | HI Choice Realty |
|---|---|
| Contact Info | (808) 545-4989 |