3588 Waialae Ave, Honolulu, HI 96816

Building Details

Year Built

1936

Listing office CBRE - Honolulu m***@cbre.com Show Phone

Listing date Jun 10, 2026

Source Crexi

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

Report an issue

---

Overview

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.

Map

City

Honolulu

County

Honolulu

State

Hawaii

Longitude

-157.7992573

Latitude

21.2830806

Nearby Similar for Sale

• 

  $5,295,000

  4,400 SF

  Honolulu Mixed-Use Commercial Property

  Multi-tenant office building and warehouse in Honolulu for sale.

  2045 Kamehameha IV Road, Honolulu, HI 96819

  View Details
• 

  $4,000,000

  Two-Story Office Building with Private Offices

  Turn-key two-story office building with private offices, conference space, and gated parking, designed for professional owner-users.

  3113 Olu Street, Honolulu, HI 96816

  View Details
• 

  $1,780,000

  Live-Work Retail Building with Parking

  Two-story live-work retail building with centralized air and nine off-street parking stalls.

  2203 Young Street, Honolulu, HI 96826

  View Details
• 

  $550,000

  Waikiki Medical/Professional Office Space

  Turnkey medical/professional office in a vibrant Waikiki location.

  400 Hobron Lane, Honolulu, HI 96815

  View Details
• 

  $1,900,000

  4,400 SF

  Honolulu Warehouse in Kalihi I-2

  Warehouse in Kalihi I-2 corridor with convenient access.

  1818 Kahai Street, Honolulu, HI 96819

  View Details
• 

  $660,000

  2,438 SF

  Professional Office Suites with Parking

  Well-appointed office layout with reception, conference rooms, multiple restrooms, and covered parking.

  222 Vineyard Street, Honolulu, HI 96813

  View Details
• 

  $207,500

  Waikiki Commercial Office Space

  Fee simple office space in the heart of Waikiki.

  400 Hobron Lane, Honolulu, HI 96815

  View Details
• 

  $2,700,000

  Street-Level Restaurant and Office Building

  Fee simple mixed-use building with a street-level restaurant lease and multiple office units, including currently vacant space.

  1726 S King Street, Honolulu, HI 96826

  View Details
• 

  $695,000

  2,438 SF

  Honolulu Office Unit For Sale

  Office unit with storage, conference rooms, and covered parking.

  222 Vineyard Street, Honolulu, HI 96813

  View Details
• 

  $1,800,000

  2,352 SF

  Honolulu Multi-Family Restoration Opportunity

  Restore or rebuild on a large lot in Nuuanu neighborhood.

  1727 Nuuanu Avenue, Honolulu, HI 96817

  View Details
• 

  $1,500,000

  Mixed-Use Property with Retail CUP

  Two-building mixed-use asset with street-front commercial unit under CUP and nine residential rooms.

  1104 Palama Street, Honolulu, HI 96817

  View Details
• 

  $2,790,000

  Honolulu Multifamily Investment Opportunity

  Multifamily property near Waikiki and University of Hawai'i.

  2013 Young Street, Honolulu, HI 96826

  View Details

FAQs

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 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