Real Office Centers 20 N Hotel St 13,483 SF 100% Leased Retail Building Honolulu, HI 96817 $12,165,766 CAD ($902.30 CAD/SF) 6.10% Cap Rate

??? Listing: 2 N Hotel Street, Honolulu, HI 96817
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**A Rare Opportunity to Own a Piece of Honolulu History — Fully Performing, Fully Leased.**
Welcome to 2 N Hotel Street — one of Downtown Honolulu's most iconic mixed-use commercial buildings, nestled in the heart of the Chinatown Historic District. Originally constructed in 1902, this landmark property has been thoughtfully restored and modernized, seamlessly blending historic character with contemporary design. Exposed brick, reclaimed wood, soaring ceilings, and abundant natural light — the aesthetic speaks for itself.
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**A Tenant Roster That Speaks for Itself**
The ground floor is home to five thriving, high-demand food and beverage concepts that have firmly established this address as a culinary destination in Honolulu. The anchor tenant, **Fête**, is a James Beard Award-winning farm-to-table restaurant that draws a loyal following of locals and visitors alike — one of the most celebrated dining experiences in the state. This is not a building that needs to attract tenants. It already has them.
The second floor operates as a premium co-working and private office environment under **Waku/Work Hawaii** — loft-style private suites ranging from 100 to 230 SF, featuring abundant natural light and an exclusive outdoor patio deck. The demand for flexible, high-quality workspace in downtown Honolulu continues to grow, and this space delivers exactly that.
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**The Numbers Work**
- **Asking Price:** $8,900,000
- **Cap Rate:** 6.13%
- **Price/SF:** $890/SF
- **Sale Type:** Investment or Owner/User | Net Lease Investment | Ground Lease
This is a stabilized, income-producing asset with quality tenants in place. For the investor focused on depreciation benefits, steady cash flow, and long-term appreciation in one of the most supply-constrained markets in the U.S., this property checks every box.
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**Location is Everything**
Hotel Street is the beating heart of Honolulu's Chinatown — one of the city's most dynamic and rapidly evolving corridors. The area benefits from strong foot traffic, a growing arts and dining scene, and continued public and private investment. With a **Walk Score of 10+**, this property sits at the intersection of culture, commerce, and community.
Hawaii's real estate market remains one of the most defensible in the country — limited land, strong demand, and a deeply constrained supply of quality historic commercial properties make this an asset that is genuinely difficult to replicate.
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**Why This Property Stands Apart**
- ? Historic designation — character and cachet that new construction simply cannot offer
- ? Fully renovated interior — modern finishes while preserving architectural integrity
- ? James Beard Award-winning anchor tenant driving consistent foot traffic
- ? Five food & beverage tenants across the ground floor — diversified income stream
- ? Premium co-working operation on the second floor with a loyal tenant base
- ? Outdoor patio deck — a rare amenity in Downtown Honolulu
- ? One of the most walkable addresses on Oahu
- ? Strong cap rate for Hawaii's market — cash flow from day one
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**For the Discerning Investor**
Buildings like 2 N Hotel Street don't come to market often. Historic structures of this caliber — renovated to modern standards, fully occupied by quality tenants, in the most culturally rich corridor of Honolulu — represent a category of asset that holds its value through market cycles.
Whether you are acquiring as a pure investment, a 1031 exchange target, or an owner/user opportunity with significant depreciation advantage, this property offers multiple paths to value creation.
**Opportunities like this exist once. Act accordingly.**
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*For investment inquiries, financial package, or private tours, contact:*
**Tomoya Tsuruhara | YourTurn Inc.**
Hawaii Licensed Real Estate Broker
tomoya@yourturninc.com
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