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302 Ohua Ave 0.39 Acres of Commercial Land in Honolulu, HI 96815
INVESTMENT HIGHLIGHTS
- Rare opportunity to purchase 16,821 square feet of fee simple land in Waikiki
- Within walking distance to shopping, world class dining and recreational activities
- Ideally sized square parcel with approximately 127 feet of frontage on Ohua Avenue
- Located in Waikiki, Oahu; a densely populated and top performing destination market
- In close proximity to major thoroughfares and freeways
- Potential high-rise development site through 201H process with a variety of different views
EXECUTIVE SUMMARY
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Multifamily |
| Property Type | Land | Total Lot Size | 0.39 AC |
| Zoning | APARTMENT | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.39 AC |
| Zoning | APARTMENT |
1 LOT AVAILABLE
Lot
| Lot Size | 0.39 AC |
| Lot Size | 0.39 AC |
Rare fee simple Waikiki residential development opportunity.
DESCRIPTION
Located within the world-renown resort destination of Waikiki, 302 Ohua Avenue is just minutes away from Waikiki Beach, the Hawaii Convention Center and downtown Honolulu. This property is also convenient for all forms of transportation including cars, trolleys, buses and bikes/electronic bikes/scooters. This 16,281 square foot, fee simple parcel of vacant land is an exceptional offering for a residential developer to build up to approximately 22 floors of market rate condo units or assisted living residential units with a height limit of 220 feet. In addition, Hawaii remains a competitive, low-inventory housing market and ranks #2 for the most expensive cities to live in the US with an average home price of $1,605,915. This opportunity provides an ideal position to meet this ongoing demand.
Presented by
302 Ohua Ave
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