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5 Fee Simple Wailuku Properties for Sale 1942 Main St 23,949 SF 100% Leased Retail Building Wailuku, HI 96793 $7,258,784 CAD ($303.09 CAD/SF) 8.64% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% leased
- Commercial mixed use within the Wailuku Redevelopment Area and located within the Opportunity Zone
- Close proximity to the hospital, police station and UH Maui College. Walking distance to County and State buildings.
- Ample frontage along Main Street (estimated 341 ft)
- Great opportunity for a live/work development
- B-2 Zoning
EXECUTIVE SUMMARY
**Substantial Price Reduction**
Income producing commercial investment/redevelopment opportunity.
Located in the heart of Wailuku, these properties are in close proximity to the new municipal county parking structure with 393 parking stalls. This investment opportunity consists of five (5) separate TMK’s which could be consolidated for redevelopment. Sale of the property will be for the following properties:
TMK: (2) 3-4-012-004 / 1942 Main Street / 22,154 SF Land / 4,200 SF (bldg 1) / 9,274 SF (bldg 2)
TMK: (2) 3-4-012-006 / 1960 Main Street / 9,460 SF Land / 1,900 SF (bldg)
TMK: (2) 3-4-012-016 / 1980 Main Street / 20,552 SF Land / 4,677 SF (bldg 1) / 7,899 SF (bldg 2) / 208 SF (bldg 3)
TMK: (2) 3-4-012-017 / 1994 Main Street / 1,978 SF Land
TMK: (2) 3-4-012-061 / 16 Maluhia Drive / 4,562 SF Land
Income producing commercial investment/redevelopment opportunity.
Located in the heart of Wailuku, these properties are in close proximity to the new municipal county parking structure with 393 parking stalls. This investment opportunity consists of five (5) separate TMK’s which could be consolidated for redevelopment. Sale of the property will be for the following properties:
TMK: (2) 3-4-012-004 / 1942 Main Street / 22,154 SF Land / 4,200 SF (bldg 1) / 9,274 SF (bldg 2)
TMK: (2) 3-4-012-006 / 1960 Main Street / 9,460 SF Land / 1,900 SF (bldg)
TMK: (2) 3-4-012-016 / 1980 Main Street / 20,552 SF Land / 4,677 SF (bldg 1) / 7,899 SF (bldg 2) / 208 SF (bldg 3)
TMK: (2) 3-4-012-017 / 1994 Main Street / 1,978 SF Land
TMK: (2) 3-4-012-061 / 16 Maluhia Drive / 4,562 SF Land
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
23,949 SF
Building Class
C
Year Built
1944
Price
$7,258,784 CAD
Price Per SF
$303.09 CAD
Cap Rate
8.64%
NOI
$627,063 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
1.17
Lot Size
0.47 AC
Opportunity Zone
Yes
Zoning
B-2 - Business Commercial
AMENITIES
- Signage
Walk Score®
Very Walkable (86)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $582,982 CAD | |
| Land Assessment | $4,165,938 CAD | Total Assessment | $4,748,920 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$4,165,938 CAD
Improvements Assessment
$582,982 CAD
Total Assessment
$4,748,920 CAD
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5 Fee Simple Wailuku Properties for Sale | 1942 Main St
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