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Mark Bratton

Colliers

Property Details

Property Type Retail - Street Retail
Property Size 6,475 SF
Units 1
Lot Size 0.15 Acre
Year Built 1972
Date Updated Apr 14, 2026

Discover the perfect location for your retail investment in the heart of Honolulu's vibrant 819 Cedar St neighborhood. This bustling area is renowned for its high foot traffic and strong consumer demand, making it an ideal choice for retail investors. Surrounding the property, you'll find an eclectic mix of local shops, renowned dining establishments, and popular entertainment venues, offering an exciting array of opportunities for your retail venture. With its prime position in this bustling district, the property presents an exceptional chance to capitalize on the dynamic energy and diverse consumer base of Honolulu's 819 Cedar St area.Discover an extraordinary opportunity for retail investment with this impressive property at 819 Cedar St, Honolulu, HI. Boasting a spacious 6,475 SF building with 1 unit, this well-maintained property offers a prime commercial space ideal for a wide range of retail ventures. The building, constructed in 1972, is ideally situated in the BMX-3 zone, providing versatile options for retail development and expansion. With its advantageous location in the heart of Honolulu, this property presents a strategic investment opportunity to capitalize on the area's high demand for retail space. Don't miss the chance to secure a prominent position in the vibrant retail landscape of Honolulu with this exceptional property.

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Highlights

$3,100,000 asking price | $483/SF on building | $484/SF on land
100% occupied — all leases month-to-month at below-market rents ($1.41–$1.47/SF vs. market $2.85/SF ground floor)
6,419 SF building on 6,402 SF lot | Built 1972 | 2 stories | Approx. 10 surface parking stalls
BMX-3 zoning with 150-foot height limit — flexible use including potential residential conversion
Central location with strong walkability, transit access, and surrounding retail/residential demand drivers
Fee simple ownership — TMK (1) 2-3-13:48
One vacant suite (821-B, 769 SF) newly renovated and ready for immediate leasing
Owner-user analysis projects ~$3.6M in occupancy savings vs. leasing over a 15-year hold
Projected NOI: $173,487 (2026) | $189,573 stabilized (2028)
Significant barriers to entry — land scarcity and construction costs preclude comparable new development
Value-add on two fronts — mark-to-market existing tenants or vacant possession for owner-user