549 Halemaumau St - Restaurant CONDO FOR SALE


Honolulu, HI 96821- Kuliouou-Kalani Iki
$1,800,000-$1,850,000 USD
808-371-4856
549 Halemaumau St, Honolulu, HI for Sale
$1,800,000-$1,850,000 USD
Restaurant CONDO - FOR SALE
1/3
2,484-2,920 SF | 6.1% Cap Rate

549 Halemaumau St
Honolulu, HI 96821
Kuliouou-Kalani Iki


HIGHLIGHTS

  • Located in one of Honolulu’s most affluent trade areas with average household incomes over $229,000 within a 1-mile radius
  • Fully leased to established restaurant operators with long-term leases and renewal options in place
  • Positioned along Kalanianaole Highway with exposure to 56,800 vehicles per day
  • Fee simple ownership in a supply-constrained submarket with limited retail inventory
  • Surrounded by high-performing retail centers including Hawaii Kai Towne Center, Koko Marina Center, and Aina Haina Shopping Center

OVERVIEW

Positioned in one of East Honolulu’s most affluent corridors, Unit B4 offers investors a stabilized, fee simple retail asset leased to Hangang Korean Grill House, a premium full-service Korean barbecue restaurant. The tenant has a long-term lease in place with a five-year renewal option, ensuring consistent income and minimal turnover risk. Located within the Niu Valley Center, the unit benefits from high visibility along Kalanianaole Highway, which sees over 56,800 vehicles daily. The surrounding trade area is supply-constrained and boasts exceptional demographics, with average household incomes exceeding $229,000 within a one-mile radius. This unit is ideal for investors seeking a high-performing retail asset in a tightly held submarket with strong tenant retention and long-term upside.

FOR SALE DETAILS

PRICE

$1,800,000-$1,850,000 USD

CAP RATE

6.1%

# OF UNITS

2

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Niu Valley Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

64,703 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

220

LAND DETAILS

LAND ACRES

4.72 AC

LAND SF

205,603 SF

ZONING

B-1

APN/PARCEL ID

1-3-7-010-053-0000

ASK ABOUT THIS PROPERTY

Kelli WilinskiColliersMore Info
808-371-4856

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Kelli WilinskiColliersMore Info
808-371-4856

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.