The property presents an excellent development opportunity in the heart of Pearl City’s retail mecca which is surrounded by densely populated residential neighborhoods. The 1.62-acre site is located less than ¼-mile from Honolulu’s future Rail Transit Pearl Highlands Station. The asset falls within the Transit Oriented Development (“TOD”) Special District which allows for an increased height limited and expansion of permitted uses similar to the business mixed-use, BMX-3 district.
The property is currently zoned both B-2 and P-2, with 45,500 square feet of B-2 zoning and the remaining 25,038 square feet zoned P-2. The paved parking lot is surrounded by a chain linked fence with a gate. Ingress/egress to the site is from Kuala Street, across from Pearl Highlands Center.
The asset is surrounded by several high traffic national and regional retailers including Pearl Highlands Center (Sam’s Club, 24 Hour Fitness, Buffalo Wild Wings, Regal Cinemas, Ross Dress for Less, Roger Dunn Golf, Guitar Center), Home Depot, Pearl City Gateway (TJ Maxx, Longs Drugs, BedMart Mattress Superstores, Petco, Sally Beauty, Foodland Farms), Walmart, and Sam’s Club Gas Station.