Historic Theater
For Sale
Contact for pricing
3588 Waialae Ave, Honolulu, HI 96816
Fee simple theater property with B-2 zoning, suitable for adaptive reuse while supporting interim use.
Property Size12,497 SF
Lot Size0.24 Acres
Price / SF$340.08
Days on Market64
Property Features for 3588 Waialae Ave
General Information
Standard status
Active
Size
12,497 SF
Class
A
Lot size
0.24 Acres
Property subtype
Retail
Zoning
B-2 (Community Business District)
Investment Type
Value Add
Building Details
Year Built
1936
Listing Agency:
CBRE - Honolulu
(808) 541-5148
Listed By:
Matthew McKeever · License #RS-80252
Source:
Crexi
Added: Jun 10
Changed: Aug 7
Last Checked: Aug 11 at 4:51PM
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 CBRE - Honolulu
Investment Insights
Based on property information with market context.
The Queen Theater is an iconic fee simple commercial property originally constructed in 1936. The offering includes approximately 12,497 square feet of improvements on a 10,396-square-foot land parcel. The property is offered for sale fee simple and as-is, with existing improvements supporting interim use while preserving flexibility for adaptive reuse or repositioning.
Located at 3588 Waialae Avenue in Honolulu’s Kaimukī neighborhood, the theater is positioned along Waialae Avenue, identified in the remarks as Kaimukī’s primary commercial corridor. The property is zoned B-2 (Community Business District), providing a defined regulatory framework for prospective buyers and operators.
For investors or operators considering long-term ownership of a legacy entertainment asset, the Queen Theater offers a covered land investment with existing theater-related improvements in place. Its B-2 zoning and interim-use support are practical considerations for those seeking optionality for future adaptive reuse plans while retaining an operating footprint today.
Located at 3588 Waialae Avenue in Honolulu’s Kaimukī neighborhood, the theater is positioned along Waialae Avenue, identified in the remarks as Kaimukī’s primary commercial corridor. The property is zoned B-2 (Community Business District), providing a defined regulatory framework for prospective buyers and operators.
For investors or operators considering long-term ownership of a legacy entertainment asset, the Queen Theater offers a covered land investment with existing theater-related improvements in place. Its B-2 zoning and interim-use support are practical considerations for those seeking optionality for future adaptive reuse plans while retaining an operating footprint today.
Key Highlights
- Queen Theater at 3588 Waialae Avenue, Honolulu in the Kaimukī neighborhood
- Fee simple commercial property originally built in 1936
- Approximately 12,497 SF of improvements on a 10,396 SF land parcel
Property Analytics
Property Profile
Current Use
Location Intelligence
Demographics for 96816, HI
51,586
Population
19,818
Households
2.6
Avg Household Size
45
Median Age
48%
College-Educated
94%
High-School Grad
9.6 sq mi
ZIP Area
5,374
Density / Sq Mi
$114,744
Median Household Income
$48,929
Median Earnings
$1,879
Median Rent
$1,121,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Theater & concert hall - Fee simple theater property with B-2 zoning, suitable for adaptive reuse while supporting interim use.
Where is this theater & concert hall located?
The property is located at 3588 Waialae Ave Honolulu, HI.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: Queen Theater at 3588 Waialae Avenue, Honolulu in the Kaimukī neighborhood; Fee simple commercial property originally built in 1936; Approximately 12,497 SF of improvements on a 10,396 SF land parcel
