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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

151 Uluniu Ave Honolulu, HI 96815

26,812 SF 0.22 ac lot Built 1950
Property ID
Property summary
AI-generated overview

This exceptional retail opportunity is located in the heart of Waikiki, at 151 Uluniu Avenue, Honolulu, HI 96815, on the corner of Kuhio Avenue. Situated on the ground floor of the historic Royal Grove Waikiki Hotel, this property offers two available spaces, ranging from 520 to 1,050 square feet. The building itself boasts 26,812 square feet across six stories, constructed in 1950, and sits on a 0.22-acre lot. The property is zoned U/X6/20 within Honolulu County. These street-level spaces benefit from high foot traffic, a prime location between Kuhio and Kalakaua Avenues, and are ideal for a variety of businesses. Each space includes access to plumbing and the potential for outdoor seating, making it an attractive option for restaurants and retailers seeking to establish or expand their presence in Waikiki's vibrant tourist market. The multiple tenancy structure provides flexibility for various business models. This is a rare chance to secure a well-positioned retail space in one of Hawaii's most sought-after destinations. The property's history and location combine to offer a unique and compelling investment opportunity.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1950
Total area 26,812 SF
Lot 0.22 ac (9,583 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Royal Grove Waikiki Hotel & Motel
  • Me Bar-B-Que Restaurant
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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