2080 Kalakaua Ave
Honolulu, HI 96815 Waikiki

• Unit Size: 62,697 SF
• Condo Use: Retail
• Price: $38,500,000 USD
• Sale Type: Investment
• Price/SF: $614.06 USD

Description

The King Kalakaua Plaza Parking Condominium is a rare, fee simple parking asset located within the redeveloped Marriott Vacation Club Waikiki along Kalakaua Avenue. The two-level subterranean garage contains 201 parking stalls with an additional 35 potential valet spaces and is accessed via a controlled ingress and egress from Kalaimoku Street. Recent renovations include modern parking software, QR-code ticketing, upgraded LED lighting, improved ventilation, and valet interconnectivity. Direct pedestrian access to surrounding retail, restaurants, and hospitality uses provides built-in demand in one of Waikiki’s most supply-constrained submarkets.

Sale Notes

King Kalakaua Plaza Parking Condominium offers an exceptionally rare opportunity to acquire a modernized, fee simple parking asset in the heart of Waikiki. Located within the newly redeveloped King Kalakaua Plaza at the Marriott Vacation Club Waikiki, the two-level subterranean garage benefits from direct pedestrian access to surrounding retail, hospitality, and resort uses along world-renowned Kalakaua Avenue. The property features controlled ingress and egress from Kalaimoku Street, providing efficient circulation and operational control. Comprehensive renovations have transformed the garage into a secure, well-lit, income-oriented facility with upgraded parking software, QR-code access, valet connectivity, and new LED lighting. Waikiki’s dense hospitality environment, limited parking supply, and high barriers to entry support consistent demand and long-term value. With built-in usage from hotel guests, retailers, and visitors, this asset presents a compelling opportunity for investors seeking durable income and appreciation in one of the most supply-constrained resort markets in the United States.