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$260,000

  • For Sale
  • Active
  • Business
  • 3,008 Sq. Ft.
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Excellent opportunity to own Fairwood Drive Inn & Pho 27, an established restaurant in the heart of Kaimuki! Offering over 3,008 sq. ft., this spacious, fully equipped restaurant features a large dining area, modern renovations, and a well-designed layout ready for a new owner. Located in a busy neighborhood shopping center with excellent visibility, convenient access, and customer parking. The current owner primarily focuses on takeout, leaving great potential to expand dine-in service and grow the business. Continue the existing operation or bring your own restaurant concept to this versatile, turnkey space. This is a rare opportunity in a highly desirable Kaimuki location. Don't miss out, schedule your private showing today!

Full Property Details for 3221 Waialae St #B5

General

  • Price: $260,000
  • Taxes: $458,405
  • Status: Active
  • Type: Business
  • Source: Honolulu_Board_Of_Realtors
  • MLS ID: 202617624
  • Updated: 9/27/2026
  • Added to Site: 25 day(s) ago

Business

  • Name: Fairwood & Pho 27
  • Business Type: Restaurant

Rental Information

  • Complex Features: Shopping

Parking

  • Parking Features: Common, Covered

Location

  • Area: DiamondHd
  • County: Oahu
  • Subdivision: KAIMUKI

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air

Utilities

  • Sewer: Connected
  • Utility Description: Sewer Connected

Structural Information

  • Detached/Attached: Detached
  • Construction: Masonry, Concrete, Stucco
  • Entry Floor Number: 1
  • Stories/Levels: 1
  • Square Feet: 3,008
  • Other Struct. Feat.: Private Restrooms, Public Restrooms

Lot Features

  • Frontage: City Street
  • Zoning: 32 - B-2 Community Business Dis

Financial Considerations

  • Lease Price: $7,396
  • Operating Expenses: $1
  • Assessment Amount: $38,251,700
  • Tax Amount: $458,405.64
  • Tenant Pays: All Utilities, Common Area Maintenance, Insurance, Taxes, Trash Collection

Disclosures and Reports

  • Special Conditions: None
  • Land Tenure: Leasehold
  • Inclusions: Equipment/Fixtures, Lease, Name/Trademarks, Tenant Improvements
  • Disclosures/Reports: None
  • Disclosures/Rstr.: None
  • Property ID: 1-3-2-002-004-0000

Listed by Five Star Realty, Inc.

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Listing agents

— 3221 Waialae St #B5 —

  • Five Star Realty, Inc.

  • Five Star Realty, Inc.

(808) 382-6871

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 3221 Waialae St #B5

School District:Hawaii Department of Education
NameGradesDistance
Aliiolani Elementary School
1240 7th Avenue, Honolulu, HI 96816
PK-50.2 mi
William P Jarrett Middle School
1903 Palolo Avenue, Honolulu, HI 96816
6-81 mi
Kaimuki High School
2705 Kaimuki Avenue, Honolulu, HI 96816
9-120.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3221 Waialae St #B5 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/27/2026
Price Reduced
$260,000
-13.33%
MLS
9/18/2026
Listed
$300,000
-99.2%
MLS
3/12/2026
Sold
$37,661,825
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 3221 Waialae St #B5

Year
Property Taxes
Change
Tax Assessment
Change
2026
$458,406
4%
$38,251,700
4%
2025
$439,106
1%
$36,645,000
—
2023
$436,670
1%
$36,669,100
1%
2022
$431,651
-1%
$36,445,800
1%
2021
$436,496
—
$36,034,100
-1%
2021
$436,496
—
$36,431,900
-2%
2021
$436,496
2%
$37,189,900
5%
2019
$426,432
-48%
$35,567,900
3%
2018
$824,970
110%
$34,407,900
5%
2017
$392,856
13%
$32,773,300
13%
2016
$347,041
8%
$28,929,300
9%
2015
$322,425
6%
$26,584,200
6%
2014
$304,940
—
$25,142,500
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 3221 Waialae St #B5

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Down Payment
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*These costs are estimates, and the interest rates assume exceptional credit standing.

Listed by Five Star Realty, Inc.

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3221 Waialae Street #B5, Honolulu, HI 96816 (MLS# 202617624) is a Business property. 3221 Waialae Street #B5 is currently listed for $260,000 and was received on September 18, 2026. Want to learn more about 3221 Waialae Street #B5? Do you have questions about finding other Business real estate for sale in Honolulu? You can browse all Honolulu real estate or contact a Coldwell Banker agent to request more information.

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