Mixed-Use Asset Near Central Business
1365 Nuuanu Ave, Honolulu, HI 96817
For Sale
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Mixed-use property near Honolulu's Central Business District and Chinatown.
Property Size14,992 SF
Lot Size0.46 Acres
Days on Market774
Property Features for 1365 Nuuanu Ave
General Information
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Listing Agency:
CUSHMAN & WAKEFIELD | ChaneyBrooks - Honolulu, Hawaii
Listed By:
Rock Tang · License HI RS-64894
Source:
Crexi
Added: Oct 2, 2024
Changed: Nov 13
Last Checked: Nov 12 at 8:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CUSHMAN & WAKEFIELD | ChaneyBrooks - Honolulu, Hawaii
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Investment Insights
Based on property information with market context.
Nuuanu Square is a mixed-use asset located near Honolulu’s Central Business District and Chinatown. The property includes an 8,245 square foot retail building and a 6,747 square foot office building, situated on 20,125 square feet of land. The two-story retail building hosts tenants such as a pizza restaurant, a cycling and triathlon shop, and a bubble tea shop. The three-story office building offers secure entry access to the second and third floors, with 15 reserved covered parking stalls and 6 reserved uncovered parking stalls on the ground floor. The property also features 24 customer parking spaces in front of the retail building. There is potential to lower operating expenses by enhancing energy efficiencies, such as a photovoltaic system and conversion to LED lighting. There is potential to attract more customers by adding a new anchor tenant or upgrading the tenant mix of the center. There is potential to redevelop the site with a residential component. There is upside potential by filling vacancies, increasing below market rents and monitoring of gross sales. There is potential to generate more vehicle and foot traffic by modernizing the aesthetic appeal of the common areas and developing a master signage plan. The property is within a half-mile of the future Chinatown Rail Station.
Key Highlights
- Prime mixed‑use asset located next to Honolulu’s Central Business District and Chinatown.
- Substantial 20,125 square feet of fee simple land.
- Strong tenant mix including Papa John’s Pizza, Velohana, and Tiger Sugar.
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Demographics for 96817, HI
56,823
Population
21,489
Households
2.6
Avg Household Size
46
Median Age
30%
College-Educated
84%
High-School Grad
9.3 sq mi
ZIP Area
6,110
Density / Sq Mi
$74,690
Median Household Income
$42,492
Median Earnings
$1,419
Median Rent
$930,000
Median Home Value
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Market
Properties on Market for Mixed-use properties in Honolulu
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property near Honolulu's Central Business District and Chinatown.
Where is this mixed-use property located?
The property is located at 1365 Nuuanu Ave Honolulu, HI.
What are key features of this property?
This property features: Prime mixed‑use asset located next to Honolulu’s Central Business District and Chinatown.; Substantial 20,125 square feet of fee simple land.; Strong tenant mix including Papa John’s Pizza, Velohana, and Tiger Sugar.
