3116 Waialae Avenue, Honolulu, HI 96816

Property Description

Plant your business roots in close proximity to Manoa/Kaimuki/Waikiki. This rarely offered B-2: Business/Residential Mixed Use property on the Waialae Ave main commercial corridor features versatile wood and concrete structures. Permitted and conditional uses include a residential multi-family apartment, commercial retail mall, month-to-month boutique hotel, medical/industrial supply store, dry-goods distribution center, corporate office, heavy-vehicle parking lot, care-home facility, religious center, wellness/wedding venue, tutoring/dance classroom, University of Hawaii or Chaminade University labs, after school programs, non-profit site, and other uses by the next lucky owner. With substantial on-site parking capacity and nearby public transportation to Honolulu's main shopping centers and residential areas, this opportunity is perfect for 1031 tax-deferred exchanges, portfolio expansions, and ground-up development. Priced low As-Is. Massive potential resale value and earning potential, depending on your vision! Available for purchase with the neighboring 12,685 sq. ft. property to increase parking, driveway, and useful capacity! Owner occupied. Call to tour.