$1,490,000
 $7,999 est/mo Sourced by Back At You

1104 Palama Street,Honolulu, HI 96817

Honolulu, HI 96817

Share:

PreviousNext

Description

Mixed-use investment opportunity in Kalihi featuring two buildings and nine residential rooms. The ground floor commercial unit has a CUP in place with roll-up door access and direct street frontage suitable for retail, grocery, or light industrial use. Building B is currently occupied generating $4,000/month. Building A is actively under renovation. Priced at $1,500,000 with a stabilized cap rate of 7.8-9.0%. The surrounding Kalihi corridor has strong long-term redevelopment fundamentals. Conditional Use Permit (CUP) Protected Commercial Use The commercial unit carries a CUP, securing its legal commercial operating status within the R-5 residential zone. This rare entitlement protects lender and tenant confidence and is a meaningful differentiator at this price point.

Details

MLS #202612402
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1905
Days On Site57
Listing Provided ByFogarty Realty, Inc. | Mike Tavepholjalern

Features

SQ Feet3,296
Story(s)2
Units4
Zoning05 - R-5 Residential District
Property ViewNone

Exterior

Construction MaterialsWood Frame

Other

Community FeaturesNone

Taxes

Property13524

Area Information

StateHI
CountyOahu
CityHonolulu
Zip Code96817
AreaOahu
Community NameKAPALAMA
Listing VS Median (in KAPALAMA)
Price:
$1,490,000
low | high
Med:
$975,000
84.563758389262% of Average
sqft:
3,296
low | high
Med:
1,826
94.599514563107% of Average
$ / sqft:
$452
low | high
Med:
$534
31.840174808803% of Average
On site:
57
low | high
Med:
81
70.37037037037% of Average
Sourced by Back At You

Market Activity 96817

Request a showing

Request a showing

Contact

Additional Information

Showing Information

Submit Form

Required Field
By submitting, you agree to receive promotional texts and/or calls from Coldwell Banker Island Properties at the number provided. Message/data rates may apply. Consent is not a condition of purchase, and you can opt out anytime by replying STOP.
The information is being provided by HICentral MLS. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 HICentral MLS. All Rights Reserved.

Contact

Learn More About This Property

Mateo Manzari

Mateo Manzari

Coldwell Banker Island Properties

RB-24388MBA (808) 280-6880[email protected]
StateHI
CountyOahu
CityHonolulu
Zip Code96817
AreaOahu
Community NameKAPALAMA
Listing VS Median (in KAPALAMA)
Price:
$1,490,000
low | high
Med:
$975,000
84.563758389262% of Average
sqft:
3,296
low | high
Med:
1,826
94.599514563107% of Average
$ / sqft:
$452
low | high
Med:
$534
31.840174808803% of Average
On site:
57
low | high
Med:
81
70.37037037037% of Average
Sourced by Back At You
Listing Updated: July 31, 2026 at 6:10:12 PM PDT
Mateo Manzari
MBA
License #: RB-24388
(808) 280-6880
Kukui Mall - 1819 South Kihei Rd Suite D111.
Kihei, Hi 96753

Mateo Manzari - Coldwell Banker Island Properties