- For Sale $2,400,000
- Property Type Retail
- Property Size 2,484 SF
- Additional Rent Contact for pricing
- Date Updated Dec 24, 2024
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.
Reach out to the broker for more info on lease terms and amenities
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 Kalanianaole Highway, one of East Honolulus 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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Contacts
Location
Getting Around
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Walk Score ®
33/100
Car-Dependent
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Transit Score ®
41/100
Some Transit
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Bike Score ®
47/100
Somewhat Bikeable
- City Honolulu, HI
- Neighborhood Niu Valley
- Zip Code 96821
- Market Honolulu
Points of Interest
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76
0.03 miles
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OpConnect
1.28 miles
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Aloha Petroleum
1.42 miles
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Hele
1.77 miles
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7-Eleven Hawaii Kai
1.79 miles
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Texaco
1.94 miles
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Kahala Mall
3.31 miles
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Hele Gas Station
4.58 miles
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Palolo 76
4.64 miles
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Kailua Town Center
7.56 miles
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Guest Parking
1.88 miles
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Parking Lot D
4.12 miles
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Parking Lot E
4.15 miles
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Staff Parking
4.17 miles
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Parking Lot A
4.26 miles
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Parking Lot C
4.32 miles
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Parking Lot B
4.41 miles
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Pho Time
0.05 miles
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Gyotaku
0.06 miles
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Cafe Asia
0.07 miles
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Jack in the Box
0.09 miles
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Jack's
1.21 miles
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Pieology Pizzeria
1.23 miles
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Subway
1.25 miles
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McDonald's
1.25 miles
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Roy's Hawaii Kai
1.34 miles
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Outback Steakhouse
1.39 miles
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Foodland Farms
1.28 miles
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Hawaii Kai Towne Center
1.55 miles
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Ross
1.55 miles
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Safeway
1.84 miles
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Assagio Square
3.15 miles
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Macy's
3.27 miles
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Whole Foods Market
3.31 miles
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Kahala Mall
3.32 miles
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Foodland
3.32 miles
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Times Supermarkets
3.45 miles
Frequently Asked Questions
The space currently listed for sale at Niu Valley Center Unit B4 asks for $2,400,000.
Niu Valley Center Unit B4 totals 2,484 square feet.
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