1104 Palama Street Honolulu, HI 96817
Listing
Overview
Price: $1,500,000
Area: KAPALAMA
Status: Active
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. Listing by: Fogarty Realty, Inc. (808) 388-5411
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- Land Area (sf): 3,849 sf
- Living (sf): 3,296
- Year Built: 1905
- Property Condition: Average
- Number of Parking Spaces: 4
- View: None
- Listing Office: Fogarty Realty, Inc.
- Land Tenure: FS - Fee Simple
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd.
listings last updated on June 26, 2026 - 5:08 AM
Information is deemed reliable but not guaranteed.
Copyright: 2026 by HiCentral MLS, Ltd.
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