Ala Moana Homes with Leasehold Land tenure

Welcome to Ala Moana, a vibrant neighborhood nestled in the heart of Honolulu, Hawaii. Renowned for its stunning beaches, lush landscapes, and a lively urban atmosphere, Ala Moana offers a unique blend of island living and city conveniences. The area is home to the famous Ala Moana Center, one of the largest open-air shopping malls in the world, where you can find everything from high-end boutiques to local artisan shops, alongside a myriad of dining options that cater to every palate.

Ala Moana’s picturesque beaches provide the perfect backdrop for sunbathing, swimming, and water sports, making it a haven for outdoor enthusiasts. With the tranquil waters of Ala Moana Beach Park just a stone's throw away, residents enjoy picturesque sunsets and leisurely strolls along the shore. The neighborhood is also conveniently located near the bustling Kaka'ako district, known for its eclectic art scene and trendy eateries.

For those considering a home in Ala Moana, it’s important to note that many properties in this desirable area are on leasehold land. This means that while you can enjoy the benefits of living in a prime location, the property itself is leased from a landowner for a specified period. This unique tenure can offer more affordable entry points into the real estate market, making it an attractive option for both first-time homebuyers and seasoned investors.

With its unbeatable location, rich cultural tapestry, and a lifestyle that embraces both relaxation and excitement, Ala Moana is not just a neighborhood; it’s a way of life waiting to be discovered. Come and experience the charm of this island gem!

Newest Ala Moana Homes with Leasehold Land tenure

$400,000

202613200 MLS ⋅ LH - Leasehold Tenure ⋅ 18 DOM

Located near on Rycroft Street near Walmart and Keeaumoku Street. Walking distance to Walmart and Ala Moana Center. Rare opportunity to acquire Choi's Garden, one of Honolulu's well-known and long-established Korean restaurants. For many years, this restaurant has earned a loyal customer base and a strong reputation for authentic Korean cuisine and exceptional dining experience. This is a true turnkey operation, fully equipped with a commercial kitchen, dining area. The new owner can continue operations immediately with minimal transition.

1303 Rycroft Street, Honolulu

$60,000

202604143 MLS ⋅ LH - Leasehold Tenure ⋅ 159 DOM

Turnkey premium sushi restaurant and bar, centrally located in the Ala Moana area. Restaurant has been in operation for over 15 years in the Keeaumoku Plaza. Looking for a determined entrepreneur to continue the sushi restaurant or to create their own restaurant concept. All the hard work has been completed with the build out. Key features: Clean kitchen with sink, hood, freezer and refrigerators, central and split ACs, Super Freezer from Japan (-74 degrees F), and centralized grease interceptor. Gas, water and electricity are separate. Private restroom and storage room. Tenant maintains/repairs the AC. Lots of parking. Transferrable liquor license. There are four years remaining on the lease. Current monthly base rent, ground rent, CAM: $9,495.75 + GET.

655 Keeaumoku Street Unit 109 & 110A, Honolulu

$350,000

202528065 MLS ⋅ LH - Leasehold Tenure ⋅ 223 DOM

Great free-standing building in a well located area close to WAIKIKI, CONVENTION CENTER, ALA MOANA SHOPPING CENTER, DON QUIJOTE, WALMART/SAMS CLUB.

1697 Kalauokalani Way, Honolulu

$80,000

202524922 MLS ⋅ LH - Leasehold Tenure ⋅ 243 DOM ⋅ Ala Moana Tower BLDG.

Charming 503 sq.ft tea shop for sale, located just steps from the Convention Center with easy parking nearby—perfect for attracting tourists, locals, and event visitors. The space is efficiently designed, easy to operate, and ideal for takeaway or a cozy dine-in concept. A great opportunity for anyone looking to start or expand a beverage business in a high-visibility, high-demand area.

1617 Kapiolani Boulevard Unit 102, Honolulu

$74,900

1 Beds ⋅ 1 Baths ⋅ 202516534 MLS ⋅ LH - Leasehold Tenure ⋅ 371 DOM ⋅ Six Twenty Sheridan BLDG.

A Solid Option for your Buyers or Investors. Conveniently located near Ala Moana and Kaka‘ako, this updated unit offers a practical opportunity.Interior improvements include fresh paint, new vinyl plank flooring, a renovated bathroom, and an upgraded kitchen with modern cabinets, countertops, and fixtures — all designed for low-maintenance living. The secured, pet-friendly building features secured full size and covered parking stall and easy access to public transportation, shopping at Wal Mart, or the Ala Moana Shopping Center and a wide range of nearby eateries and local services. With NO high-cost amenities, monthly maintenance fees are kept manageable. Whether you're looking to move into an affordable home or add to your rental portfolio, this unit is a clean, straightforward option in a convenient Honolulu location.

620 Sheridan Street Unit 404, Honolulu

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Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.