Fee Simple Commercial Condos for Sale in Waikiki - King Kalakaua Plaza at the Marriott Vacation Club Waikiki

Own a Part of the Gateway to Waikiki

King Kalakaua Plaza (KKP) represents a unique opportunity to acquire fee simple ownership of commercial real estate fronting Kalakaua Boulevard in Waikiki. The property is located at the “gateway” to Waikiki, Hawaii’s premier shopping and dining destination and the heart of the visitor industry. For retailers and restaurateurs who want to control their future, KKP represents the unique opportunity to own versus lease.

The property consists of 5 commercial condominiums fronting Kalakaua Avenue at the Marriott Vacation Club which includes 110 resort accommodations and 184 parking stalls. The 552 room Ritz Carlton Residences Waikiki Beach and Luxury Row which is home to Chanel and Bottega Veneta are located across the street. There are active hotel renovations in the immediate area and the Kobayashi Group is developing a new luau entertainment facility, called Kalia, across Kalakaua Avenue from the Property.

Kalakaua Avenue is the heart of Waikiki’s commercial and resort activity, offering a vibrant mix of world-class shopping, signature restaurants, and upscale hotels within a walkable, resort-style environment. The corridor’s unique blend of luxury brands, destination dining, and cultural energy creates a premier setting unmatched elsewhere in Hawaii.

Retail rents in this corridor reflect its prestige, with asking rates typically ranging from $180 to $480 per square foot per year (psf/yr). This strong pricing underscores Waikiki’s position as one of the most valuable retail markets in the Pacific, supported by historically high hotel occupancy, robust visitor spending, and enduring global demand.