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Investment Highlights

  • This location is less than minutes away from Kuanakakai Harbour and Duke Maliu Regional Park.
  • Location offers great potential for local tourism and nearby cafes.
  • This property offers multiple sources of income including the first floor with commercial space available, and hospitality spaces.
  • Newly built property with lots of upside potential.

Executive Summary

The property is subject to a 1031 exchange and is set to finish all construction in October 2026 with a Certificate of Occupancy to do business.
The hotel has three 3 commercial units downstairs in shell condition with AC and street frontage, as shown in the pictures. Eight studios with AC and furniture. Six studios upstairs & two Studios downstairs. Sixty-four(64) solar panels.
Attached is a projected cash flow with three commercial units & eight studios fully rented out.

Property Facts

Price $6,154,650 CAD
Price Per Room $769,331 CAD
Sale Type Investment
Sale Condition 1031 Exchange
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 0.30 AC
Building Size 6,786 SF
No. Rooms 8
No. Stories 2
Year Built 2025
Parking Ratio 1.77/1,000 SF
Corridor Exterior
Opportunity Zone Yes
Zoning 360 - Maui County as approved plans that are attached for a Hotel with three Commercial Units downstairs.

Amenities

  • Wheelchair Accessible
  • High Speed Internet Access
  • Public Access Wifi
  • Smoke-Free

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 8 $456.81 CAD -
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
2-5-3-002-081-0000
Land Assessment
$195,581 CAD
Improvements Assessment
$0 CAD
Total Assessment
$195,581 CAD
  • Listing ID: 31726997

  • Date on Market: 2024-05-07

  • Last Updated:

  • Address: 56 Ala Malama Ave, Kaunakakai, HI 96748

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