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Investment Highlights

  • Prominent location with direct frontage on Mamalahoa Highway in a high-traffic corridor.
  • Zoned for neighborhood commercial uses to enhance market flexibility.
  • Building size and layout support retail, service, or light office operations with residential options.
  • Located near the center of Waimea, providing connectivity to major destinations across Hawai‘i Island.

Executive Summary

This mixed-use property represents a rare commercial investment opportunity along Mamalahoa Highway in Waimea, an area recognized for limited retail supply and strong local demand. Situated on a 0.3-acre parcel, this property spans approximately 5,100 square feet of improvements, with flexibility to accommodate retail storefront operations, office or service-based businesses, and residential components. Its location offers prime highway frontage, ensuring high visibility and convenient ingress and egress for consumers and tenants alike.
Waimea is a dynamic regional center in North Hawai‘i with significant business activity tied to healthcare, education, ranching, and tourism. The property lies near key establishments, including medical facilities and private schools, and benefits from strong connectivity to other Big Island destinations via the Hawai‘i Belt Road. With zoning that supports commercial use and essential neighborhood services, this asset offers potential for repositioning to elevate functionality and income capacity, whether through expanded retail concepts, updated service operations, or enhanced mixed-use configurations.
As Waimea continues to experience population and service demand growth, opportunities to own adaptable commercial property in its core remain limited. This site’s combination of frontage, tenant versatility, and structural configuration delivers inherent long-term value for owner-users or investors.

Property Facts

Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,200 SF
Building Class
C
Year Built
1975
Price
$5,681,219 CAD
Price Per SF
$916.33 CAD
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.41
Lot Size
0.35 AC
Zoning
CN-7.5 - Zoned Neighborhood Commercial 7.5, the property is intended for conveniently located centers that serve nearby residents and workers
Frontage
110’ on Mamalahoa Highway
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100

Nearby Major Retailers

American Savings Bank
L & L Hawaiian Barbecue
Starbucks
Foodland Super Market
First Hawaiian Bank

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 3-6-4-006-015-0000
  • 3-6-4-006-014-0000
Land Assessment
$498,510 CAD
Improvements Assessment
$562,297 CAD
Total Assessment
$1,060,807 CAD
  • Listing ID: 41129578

  • Date on Market: 2026-07-01

  • Last Updated:

  • Address: 64-1013 Mamalahoa Hwy, Kamuela, HI 96743

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