King Kalakaua Building – 1401 Kalakaua Ave
1401 Kalakaua Avenue also known as the King Kalakaua Building is a 2-story mixed-use building with retail stores on the ground floor and second floor office spaces, reverted back to the fee owners on April 1, 2022, allowing the property to be sold Fee Simple.
The property was built back in 1969 and is situated on the corner of Kalakaua Avenue, one of the main entryways into Waikiki, and King Street, a primary artery for through-town traffic. It is set along one of Honolulu’s primary commercial corridors with strong proven demand for retail, commercial and residential uses.
The property is zoned BMX-3, mixed-use and has a building area of 18,687 square feet on 10,821 square feet of land. Both the retail and offices can be renovated or completely repositioned into new uses.
The building has an iconic design and excellent “bones” on which to improve and/or redevelop. It is great for owner-users, value-add buyers and cash flow investors. There are numerous value enhancement opportunities to re-imagine a number of different uses ranging from commercial uses as-is, to mini storage, workforce housing, shelter, etc.