Niu Valley Center Unit B4
549 Halemaumau Street, Unit B4
Honolulu, HI
The Offering
Property Summary
- ASKING PRICE $2,400,000
-
ADDRESS
549 Halemaumau Street, Unit B4
Honolulu, HI 96821 - TAX MAP KEY (1) 3-7-10:53, CPR No. 2
- TENURE Fee Simple
- BUILDING SIZE 2,484 SF
- COMMON INTEREST 3.87%
- OCCUPANCY 100%
- YEAR BUILT 1964; 1969 Effective
- ZONING B-1 Neighborhood Business District
Overview
This 2,484 square foot commercial condo is situated in the Niu Valley Center, in a prime East Honolulu location, ideal for retail or service-oriented businesses. Positioned in a bustling community hub, the center offers excellent visibility and accessibility from the main road, along with ample parking, making it an ideal choice for businesses aiming to establish or expand in Niu Valley. The unit is currently leased to Hangang Korean Grill House, which also operates a location in the Ala Moana area, offering stability and strong tenant appeal.
INVESTMENT HIGHLIGHTS
FULLY-LEASED FEE SIMPLE INVESTMENT OFFERING - This property presents a rare opportunity to acquire a fee simple investment with a stable, fully-leased tenant base. Ideal for long-term income generation, it offers a secure and low-maintenance addition to any investment portfolio.
AMPLE PARKING & STRONG COTENANCY - The center provides abundant parking availability, further enhanced by the adjacent church, which rarely uses parking during peak business hours. This ensures convenient access for customers and employees, supporting a seamless business experience.
HIGH VISIBILITY & CONVENIENT ACCESS - Niu Valley Center enjoys excellent visibility from Kalanianaʻole Highway, one of East Honolulu’s primary thoroughfares, ensuring steady exposure to passing traffic. The center offers easy access and ample parking, making it a convenient destination for local residents and visitors alike.
UNDERSERVED COMMUNITY - East Honolulu faces a shortage of commercially zoned properties, limiting the availability of retail and service-oriented businesses to meet community demand. These high barriers to entry make new development or investment opportunities scarce and highly competitive, increasing the value of existing commercial spaces and presenting a unique opportunity for businesses looking to serve this underserved market.
NEWLY BUILT-OUT UNIT - The space boasts offices on the second floor, a new storefront facade, fresh paint, and contemporary design elements.
STRONG DEMOGRAPHICS - East Honolulu is characterized by a more consumer base, with higher household incomes and strong purchasing power, making it an attractive market for premium retail, dining, and service-oriented businesses.
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