3116 Waialae Avenue, Honolulu, HI 96816

Property Description

A rarely available B-2 Community Business District property on the Waialae Ave main commercial corridor - offering assemblage potential to combine this 8,041 sq. ft. property and the next door 12,685 sq. ft. property into a 20,726 sq. ft. parcel. Minutes from Manoa, Kaimuki, Waikiki, and highways. The refreshed 1,536 sq. ft. interior comes with new fixtures and appliances, ready for immediate occupancy or a strategic commercial buildout. Highest and best uses As-Is include a medical/dental clinic, wellness/therapy practice, religious center, and non-profit or corporate offices. As developers know, B-2 zoning permits mixed-use (residential units above and commercial units below) multi-family development up to a 45-foot height limit. Lots of on-site parking plus nearby public transportation to Honolulu's main shopping centers and residential areas. Ideal for 1031 exchange buyers, medical/service owner-users, land-bank investors, and redevelopment. Strong commercial rent yield potential for NNN commercial leasing or long-term mixed-use appreciation.