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Niu Valley Center Unit B4

$ 2,400,000.00

This 2,484 square foot commercial condo is situated in the Niu Valley Center, in a prime East Honolulu location, ideal for retail or service-oriented businesses. Positioned in a bustling community hub, the center offers excellent visibility and accessibility from the main road, along with ample parking, making it an ideal choice for businesses aiming to establish or expand in Niu Valley. The unit is currently leased to Hangang Korean Grill House, which also operates a location in the Ala Moana area, offering stability and strong tenant appeal.

INVESTMENT HIGHLIGHTS
FULLY-LEASED FEE SIMPLE INVESTMENT OFFERING – This property presents a rare opportunity to acquire a fee simple investment with a stable, fully-leased tenant base. Ideal for long-term income generation, it offers a secure and low-maintenance addition to any investment portfolio.

AMPLE PARKING & STRONG COTENANCY – The center provides abundant parking availability, further enhanced by the adjacent church, which rarely uses parking during peak business hours. This ensures convenient access for customers and employees, supporting a seamless business experience.

HIGH VISIBILITY & CONVENIENT ACCESS – Niu Valley Center enjoys excellent visibility from Kalanianaʻole Highway, one of East Honolulu’s primary thoroughfares, ensuring steady exposure to passing traffic. The center offers easy access and ample parking, making it a convenient destination for local residents and visitors alike.

UNDERSERVED COMMUNITY – East Honolulu faces a shortage of commercially zoned properties, limiting the availability of retail and service-oriented businesses to meet community demand. These high barriers to entry make new development or investment opportunities scarce and highly competitive, increasing the value of existing commercial spaces and presenting a unique opportunity for businesses looking to serve this underserved market.

NEWLY BUILT-OUT UNIT – The space boasts offices on the second floor, a new storefront facade, fresh paint, and contemporary design elements.

STRONG DEMOGRAPHICS – East Honolulu is characterized by a more consumer base, with higher household incomes and strong purchasing power, making it an attractive market for premium retail, dining, and service-oriented businesses.

Basic Facts

Status: Type: Purchase Type: Fee Simple Area: 2484 sq ft
Year built: 1964; 1969 Effective Zoning: B-1 – Neighborhood Business District

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Additional Resources

  • Fact Sheet
    • External Link: Property Website

    Anthony Provenzano

    • Senior Vice President

    Anthony Provenzano is a Senior Vice President with Cushman & Wakefield ChaneyBrooks, the oldest commercial real estate firm in Hawaii. Anthony is a top producer in the commercial real estate broker-age community and has earned several accolades for his success. Since Anthony joined Cushman & Wakefield ChaneyBrooks, he has con-sistently been the recipient of the Company’s #1 Broker of the Year award. With over 15 years of experience, he specializes in acquisitions and dispositions of commercial properties throughout the State of Hawaii. His in-depth knowledge of the Hawaii market has lead his clients to successfully complete transactions with a high level of cer-tainty and confidence. Anthony has been successful in formulating strong relationships with owners, investors, developers and buyers of commercial real estate. His distinct expertise combined with his ability to clearly articulate market demands has lead him to represent a wide range of clients on an institutional, national and local level. Born and raised on Oahu, Anthony studied Finance with a focus on Real Estate at the University of Hawaii at Manoa Shidler College of Business. During his studies, Mr. Provenzano served on the Financial Management Association Board and continues his involvement as a mentor. Anthony holds a Hawaii Real Estate Broker’s license, as well as the Certified Commercial Investment Member (CCIM) designation where he previously served as Board President. He also recently was awarded his Society of Indus-trial And Office Realtors (SIOR) designation, a professional symbol of the highest level of knowledge, production and ethics in the real estate industry.

    • Licensed Real Estate Broker - State of Hawaii: RB-22101
    • Certified Commercial Investment Member (CCIM): Board Member, Past President (2017)
    • Society of Industrial and Office Realtors (SIOR): Member
    This listing is located in Honolulu, and is currently offered by Cushman & Wakefield ChaneyBrooks.