Honolulu investor Tomoya Tsuruhara has picked up the former ABC Stores spot at 349 Royal Hawaiian Avenue in Waikiki for $10.5 million, putting a high-visibility slice of tourist-block retail into local hands. It is a relatively small deal in dollar terms for Waikiki, but a notable shuffle in the tight chessboard of the neighborhood’s retail scene.
Sale details
According to Pacific Business News, ABC Stores sold the unit at 349 Royal Hawaiian Ave to Tsuruhara for $10.5 million. The report notes the site previously held a compact ABC convenience store and that the acquisition adds to Tsuruhara’s growing cluster of holdings on nearby Kūhiō Avenue.
Where it sits in Waikiki
The parcel is tucked just off the main tourist drag, close to hotels, restaurants and the Royal Hawaiian Center, where even modest retail boxes carry outsized weight in the local ecosystem. The Honolulu Star-Advertiser has tracked ABC Stores’ long-running footprint across Waikiki, and SFGATE reports the chain operates dozens of locations statewide, giving even small spaces like this an outsized neighborhood presence.
Buyer background
Tsuruhara is a familiar name in Honolulu real estate circles, operating a Hawaii-focused investment platform and taking part in financing and management for multiple island properties, according to company listings. Civil Beat has reported on his role as a lender and litigant in downtown property disputes, and business records for YourTurn Inc. list him as president, underscoring just how rooted his investment activity is in the local market.
What comes next
So far, local reporting has not spelled out any immediate redevelopment plans for the property, leaving the future of the storefront an open question. In Waikiki, lots like this are often kept in the tourist-retail rotation or folded into bigger projects when a larger player steps in, and any shift in use would need to navigate the usual city permitting process and neighborhood scrutiny.
