Honolulu Multifamily for Sale - Waikiki

Institutional Property Advisors (IPA) is pleased to present Discovery Bay to the global retail investment market. Discovery Bay is a fee-simple*, world-class retail opportunity located at 1778 Ala Moana Boulevard and where Waikiki retail begins (“Property”). Discovery Bay is positioned at the intersection of necessity and luxury, serving the essential needs of 660 residential units while capturing the aspirational spending of 1.2M tourist beginning their Waikiki experience. Beyond the 660 condominium units directly above, Discovery Bay sits at the center of a one-block cluster of several thousand hotel and condo units at Hilton Hawaiian Village, Ilikai, Ala Moana Hotel and Prince Waikiki, plus additional timeshare development at Ala Moana and Ena Road and across from the property. Generating approximately $1.735MM of annual NOI and more than 40 years of proven operating history, Discovery Bay delivers defensive cash flow with a clear path to NOI growth through long term parking income optimization. The Property includes 250 parking spaces in the complex’s parking structure producing approximately $477,000 annually at below-market rates, offering an immediate NOI enhancement opportunity. The established, necessity oriented tenancy provides durable performance across economic cycles.

Property Subtype:

Apartment

Date on Market:

2026-06-02

Wailuku Retail for Sale - Central Maui

Prime street-front location in the heart of Wailuku, just off Lower Main Street. The property features a small, free-standing building with a private parking lot, offering strong visibility and accessibility. Ideal for a single-tenant NNN investment, this opportunity combines a central location with steady income potential in a well-established commercial area. Tenant has one year remaining on existing lease and a 5-year option.

Property Subtype:

Freestanding

Date on Market:

2026-04-27

Kapaa Retail for Sale - Kauai

Investment or Owner-User Opportunity! Exceptional free-standing restaurant building with parking in the heart of Kapa’a. This trophy property benefits from direct exposure along Kuhio Highway, one of Kaua’i’s main thoroughfares with nearby daily traffic counts exceeding 26,000 vehicles; it is also home to an established and highly regarded restaurant, offering a chef-driven tasting menu restaurant and multi-year Hale ‘Aina Award winner for Best Restaurant Kaua‘i (2023–2026), and an OpenTable Diners’ Choice recipient (2022–2026). The building was thoroughly and tastefully renovated in 2021 to include high-end finishes, a fully permitted commercial kitchen complete with hood, vent, fire suppression and grease trap, as well as a fenced, dedicated paved parking lot. The stand-alone layout allows for clear visibility, signage, and independent operation. Properties of this type are limited within the immediate area, where most commercial spaces are located within multi-tenant centers. The property is suitable for a range of retail or service uses and may appeal to an owner-user or investor seeking a presence in the bustling Kapa’a submarket. Restaurant business and FF&E can be made available for sale.

Property Subtype:

Freestanding

Date on Market:

2026-04-14

Honolulu Office for Sale

This is a listing for three units (units 410, 411 & 411A) in the Kuakini Medial Plaza building in Honolulu, Hawaii. All three units listed for sale if purchased together for #368,000.

Property Subtype:

Medical

Date on Market:

2026-04-13

Honolulu Office for Sale - East Oahu

This versatile Owner-User opportunity offers a premium, two-story commercial space strategically located just off the vibrant Kapahulu Avenue. Designed for maximum professional functionality, the building features a mix of private offices, an open bullpen for multiple workstations, and flexible conference rooms. The interior is well-appointed with specialized amenities, including a custom-built rolling filing system, a dedicated computer/server room, ample storage, and a kitchenette. Notably, the executive private office includes a shower/steam room, offering a rare level of convenience for on-site principals. The property is secured by a gated parking lot with remote control access and a comprehensive camera security system. • Flexible Layout: The 4,480 sq. ft. interior includes a large lobby/waiting room on the first floor and a spacious open room with two private offices on the second floor. • Turn-Key Ready: Features like the high-density mobile shelving and modern office furniture support immediate business operations. • Strategic Access: Located in one of Honolulu’s most sought-after corridors, providing high visibility and strong foot traffic for retail or professional services at a five-minute drive from world renown Waikiki.

Date on Market:

2026-02-02

Wailuku Retail for Sale - West Maui

9,560 SF o?ce building 3 buildings with central plaza Prime Wailuku location Adjacent to new municipal parking lot Common restrooms Vacant o?ces to be renovated Owner user opportunity or Investment

Property Subtype:

Freestanding

Date on Market:

2025-12-15

Honolulu Multifamily for Sale - Waikiki

Property Subtype:

Apartment

Date on Market:

2025-03-26

Kapaa Industrial for Sale - Kauai

The units can be purchased individually or in bulk. Please contact Danelle Santos, +1 808 482 7860, for showings.

Property Subtype:

Warehouse

Date on Market:

2024-03-06

Lahaina Land for Sale - South Maui

Ma'alaea Harbor Village lots are located between Maui's major resort areas of Wailea and Ka'anapali. Ma‘alaea is best known for its harbor, Maui’s largest volume tour boat facility, as well as the Maui Ocean Center, one of the world’s most admired aquariums with approximately 440,000 annual visitors. Other businesses located at Ma‘alaea Harbor Village include Harbor Shops at Ma‘alaea, Maui Golf & Water Park, Carl’s Jr. and a 76 Gas Station. There are approximately 565 resort and residential condominiums within a one-mile radius. This is an excellent opportunity to purchase a small commercial lot for a drive-thru restaurant, full service dining restaurant, retail, office or service headquarters with great access and exposure to Maui’s visitors and residents alike. Urgent care, condo services or similar uses could be a great fit also. The lots are part of the Ma‘alaea Triangle Subdivision which has a shared parking lot with income to all the lot owners.

Property Subtype:

Commercial

Date on Market:

2022-04-13

Honolulu Office for Sale - Kapiolani

Kapiolani Business Plaza (KBP) is a fee-simple, 87,485 SF Class B office building located in the heart of Honolulu’s Ala Moana submarket. Built in 1979, this 12-story asset is well recognized in the market and features, a diverse mix of 60 tenants that provide stable cash flow and reduced revenue risk. With a historically high occupancy rate, there is an opportunity to further enhance revenue by leasing the remaining spaces which are close to move-in ready and available for build-out. The property benefits from a favorable parking ratio of 2.6 stalls per 1,000 SF, enhancing its appeal to tenants.

Date on Market:

2025-04-17