1104 PALAMA ST
Honolulu, HI 96817
$1,500,000.00 (FS)
BUILDING: 3,296 SF
LAND AREA - 3,849 SF
Zoning -R-5/CUP
A rare value-add opportunity in Honolulu's Kalihi corridor, 1104 Palama St offers two buildings totaling 3,296 SF on a 3,849 SF fee-simple lot. With residential units and a vacant commercial space ready for lease-up, the property presents a pro forma cap rate of 7.57%. Located within a Transit-Oriented Development (TOD) zone near the Kapalama Canal redevelopment area, this is an ideal opportunity for investors seeking upside through occupancy and rent growth.