1700-1722 Kalakaua Ave 1.17 Acres of Commercial Land Offered at $34,898,001 CAD in Honolulu, HI 96826

Don't miss out on a once-in-a-lifetime opportunity to own a prime redevelopment site situated in the bustling community of Honolulu, Hawaii. This incredible asset boasts an expansive 1.17-acre land area comprising six parcels conveniently located at the coveted corner of Kalakaua Avenue and Fern Street. The offering is within walking distance of the Hawaii Convention Center, which boasts over 1 million square feet of meeting space and can accommodate 13,000 attendees. The acreage benefits from its positioning less than a mile from the Ala Moana Center, the world's largest open-air shopping center, and there are more than 28,000 hotel rooms within a brief 1.5-mile radius. This property at 1700-1722 Kalakaua Avenue is truly at the epicenter of it all, with ideal BMX-3 zoning primed for Community Business Mixed-Use.

Honolulu’s Community Business Mixed-Use zoning permits numerous commercial, residential, lodging and hospitality, and industrial uses. By-right commercial uses include retail stores, restaurants, shopping centers, offices, medical offices, personal and business services, financial institutions, fitness centers, theaters, entertainment venues, and auto rentals and sales within limitations. Permitted residential uses comprise single-family dwellings within mixed-use projects, multifamily apartments or condos, live-work units, and mixed-use buildings with commercial at the street level and residential on the upper levels. Lodging and hospitality approved and conditionally permitted uses entail hotels within certain sustainable communities, including central O’ahu, and bed and breakfasts with a conditional use permit. Light industrial use is allowed only when incidental to permitted retail use, while limited wholesaling and distribution use can be within a maximum of a 2,000-square-foot floor area.

1700-1722 Kalakaua Avenue benefits from its exceptionally visible location at the premier corner of a signalized intersection, front and center, to a combined total of 22,364 vehicles per day. The acreage is significantly positioned within one of Honolulu’s booming retail corridors and is in immediate proximity to prominent demand drivers. Within a 1-mile radius of the property are international and nationally renowned retailers and eateries, including Target, Walmart Supercenter, Sam’s Club, Safeway, Whole Foods, Starbucks, McDonald’s, Subway, Taco Bell, and many more. Numerous locally popular businesses also encompass this area and are joined by sought-after tourism attractions. Ala Moana Beach, home to the captivating Magic Island Lagoon, sits at the intersection of Waikiki, Kaka‘ako, and Midtown Honolulu and serves as a heavily trafficked destination all year-round, drawing business to the area.

Downtown Honolulu is favorably established 2 miles north of 1700-1722 Kalakaua Avenue, offering an easy commute from major thoroughfare Interstate H-1, the longest interstate highway in all of Hawaii, providing premier connectivity from the asset to around the island. Surrounding the acreage is a dense population of about 333,000 residents who live within a 5-mile radius and bring in an average household income of $102,814. These residents are joined by a robust daytime population of 270,700 employees and have a notable annual spending power of more than $4.3 billion.

Break ground and discover the development possibilities at 1700-1722 Kalakaua Avenue in Honolulu, Hawaii. The flexible BMX-3 zoning permits numerous uses for a new owner to build a lucrative asset in this prime and highly sought-after destination, surrounded by reputable businesses.