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66-239 Kamehameha Hwy 0.96 Acres of Residential Land Offered at $12,020,838 CAD in Haleiwa, HI 96712
INVESTMENT HIGHLIGHTS
- ***UPDATED*** Current NOI is now $322,196 (Gross income of $372,984 less $50,788 in RPT)
- Perfect for 1031 exchange
- Haleiwa is bursting at the seams with tourists
- Ideql for redevelopment (or keep as stable income or as a land bank option)
EXECUTIVE SUMMARY
SALE FLYER
FINANCIAL SUMMARY (ACTUAL - 2022) |
ANNUAL (CAD) | ANNUAL PER AC (CAD) |
|---|---|---|
| Gross Rental Income |
$515,650
|
$534,907.05
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$515,650
|
$534,907.05
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$70,214
|
$72,836.53
|
| Net Operating Income |
$445,436
|
$462,070.53
|
FINANCIAL SUMMARY (ACTUAL - 2022)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $515,650 |
| Annual Per AC | $534,907.05 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $515,650 |
| Annual Per AC | $534,907.05 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $70,214 |
| Annual Per AC | $72,836.53 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $445,436 |
| Annual Per AC | $462,070.53 |
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $12,020,838 CAD | Lot Size | 0.96 AC |
| Price Per AC | $12,469,697.18 CAD |
| Price | $12,020,838 CAD |
| Price Per AC | $12,469,697.18 CAD |
| Lot Size | 0.96 AC |
***2025 Land Use Ordinance BILL 64 Update Amends B-1 Zoning to NOW Allow MULTI-FAMILY DWELLINGS as a PERMITTED USE. This is the LARGEST UNDEVELOPED MIXED USE BUSINESS & MULTI-FAMILY ZONED LOT on the North Shore of Oahu.
DESCRIPTION
*NEW UPDATED NOI* $322,196 (owner self-manages). Currently, there are a mixture of six tenants (retail, food truck, residential). The true value of this parcel of land is that it is the largest undeveloped MIXED USE BUSINESS/MULTI-FAMILY DWELLING-zoned lot on the North Shore. It boasts 150 feet of prime Kamehameha Highway frontage. Located across from the busiest shopping center on North Shore, amid the bustling tourist mecca of Historic Haleiwa Town. Enjoy stable in-place income while you make development plans or use it as a land bank.
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Banzai Sushi Bar | Japanese | $$ | 2 min walk |
| Storto's Deli | Deli | $ | 1 min walk |
| Breakers Restaurant & Bar | American | $$ | 3 min walk |
| IL Gelato Cafe | Cafe | $ | 3 min walk |
| Haleiwa Joe's Seafood Grill | Seafood | $$ | 9 min walk |
RETAIL |
||
|---|---|---|
| Patagonia | Sporting Goods | 2 min walk |
| Bank of Hawaii | Finance Company | 3 min walk |
| Longs Drugs | Drug Store | 3 min walk |
| Ace Hardware | Hardware | 5 min walk |
| 7-Eleven | Convenience Market | 9 min walk |
SALE ADVISORS
SALE ADVISORS
Scott Eden, Managing Director, Commercial Real Estate Sales
Ka'ala Shea, Senior Associate
Presented by
66-239 Kamehameha Hwy
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