Niu Valley Center Unit B6
549 Halemaumau Street, Unit B6
Honolulu, HI
The Offering
Property Summary
- ASKING PRICE $2,400,000
-
ADDRESS
549 Halemaumau Street, Unit B6
Honolulu, HI 96821 - TAX MAP KEY (1) 3-7-10:53, CPR No. 4
- TENURE Fee Simple
- BUILDING SIZE 2,920 SF
- COMMON INTEREST 4.55%
- OCCUPANCY 100%
- YEAR BUILT 1964; 1969 Effective
- ZONING B-1 Neighborhood Business District
Overview
This 2,920-square-foot commercial condo features a full commercial kitchen and is located within the Niu Valley Center, a prime East Honolulu location perfect for retail or service-oriented businesses. Situated in a bustling community hub, the center offers high visibility and convenient access from the main road, complemented by ample parking. This makes it an excellent choice for businesses looking to establish or expand their presence in Niu Valley. The unit is currently leased to bEASTside Kitchen, a popular restaurant known for its local comfort food, live music, and excellent reviews, making it a well-loved dining destination in the area.
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.
FULL COMMERCIAL KITCHEN - bEASTside Kitchen is a thriving local eatery known for its bustling atmosphere, excellent Yelp reviews, and vibrant live music. Serving up delicious local fare, it has become a popular dining destination in the community.
STRONG DEMOGRAPHICS - East Honolulu is characterized by a more affluent consumer base, with higher household incomes and strong purchasing power, making it an attractive market for premium retail, dining, and service-oriented businesses.
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.
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