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Investment Highlights

  • Fully entitled for a 582-unit high-rise condo-hotel development with BMX-3 zoning.
  • One of the only remaining approved condo-hotel development opportunities with short-term rental rights outside resort districts.
  • Prime location between Ala Moana Center and Waikiki, two of Honolulu's strongest economic and tourism destinations.
  • Redesigned project eliminates full-service resort requirements, reducing operational complexity and potential construction costs.

Executive Summary

1500 Kapiolani Boulevard presents a rare opportunity to acquire a fully entitled 582-unit condo-hotel development site in the heart of Honolulu's urban core. Strategically located between Ala Moana and Waikiki, the 1.41-acre property is approved for high-rise mixed-use hospitality development and benefits from exceptional access to retail, employment centers, beaches, and transit. As one of the few remaining condo-hotel projects with approved short-term rental rights outside designated resort areas, the site is uniquely positioned to capitalize on strong tourism and residential demand while offering a streamlined development program designed to enhance efficiency and reduce construction costs.

Property Facts

Sale Type Investment
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Hospitality
  • Apartment Units - Condo
Total Lot Size 1.41 AC
No. Stories 5
Zoning BMX-3

1 Lot Available

Lot

Lot Size 1.41 AC

1500 Kapiolani Boulevard is a 1.41-acre fully entitled condo-hotel site approved for 582 units in Honolulu's urban core, featuring rare short-term rental rights.

Description

500 Kapiolani Boulevard is a premier mixed-use hospitality development site located along Honolulu's highly sought-after Kapiolani Corridor. Positioned between the Ala Moana district and Waikiki, the property benefits from direct access to world-class shopping, hospitality amenities, employment centers, public transportation, and some of Hawaii's most recognized visitor destinations. The site encompasses approximately 1.41 acres and is situated within one of Oahu's most active high-density development corridors. Designed to capitalize on both tourism and residential market demand, the project offers a modern urban development concept that aligns with Honolulu's evolving live-stay-play environment. The property's approved hospitality framework, combined with strong surrounding economic drivers and limited competing development opportunities, creates a compelling investment profile. Its strategic location, development readiness, and positioning within a globally recognized destination market make it a rare opportunity in Honolulu's constrained urban core.

Exceptionally walkable
100/100
Fairly drivable
50/100
Strong public transit
80/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
1-2-3-021-044-0000
Land Assessment
$44,563,740 CAD
Improvements Assessment
$16,515,957 CAD
Total Assessment
$61,079,697 CAD
  • Listing ID: 41722862

  • Date on Market: 2026-08-12

  • Last Updated:

  • Address: 1500 Kapiolani Blvd, Honolulu, HI 96814

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