Log In/Sign Up
Your email has been sent.
W Kaahumanu & Puunene Ave Ave 19.9 Acres of Commercial Land in Kahului, HI 96732
INVESTMENT HIGHLIGHTS
- Opportunity to Acquire a Nearly 20-Acre Site on the Island of Maui Occupied by the 136,941-SF Kahului Shopping Center
- Immediate QSR / NNN Ground Lease Opportunity: Potential to ground lease at least two parcels along Puunene Ave
- Prime Maui Location: Along a major arterial, surrounded by retailers, and proximate to transportation hubs
- Rare True Covered Land Play: Multi-tenant rent roll with significant income to cover costs until the asset can be entitled for redevelopment
- Mixed-Use Development Potential: A developer may want to explore redeveloping ±12 acres of the site to a mixed retail-residential use
- Control of all six parcels allows flexibility to pursue various development strategies
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present to market Kahului Shopping Center, an impressive piece of Maui real estate in the island’s largest town and commercial hub, encompassing a rare ±19.9 fee simple acres across six parcels taking up an entire city block. Kahului Shopping Center currently contains a multi-tenant retail center, three office buildings, a net leased Burger King, and a ground lease to a church. The property represents a seldom-seen opportunity to develop much-needed housing in Maui, while enjoying cash flow during entitlements and construction.
PROPERTY FACTS
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 19.90 AC |
| Property Type | Land | No. Stories | 1 |
| Property Subtype | Commercial | Opportunity Zone |
Yes
|
| Zoning | B-2 - Community Business District | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 19.90 AC |
| No. Stories | 1 |
| Opportunity Zone |
Yes |
| Zoning | B-2 - Community Business District |
1 LOT AVAILABLE
Lot
| Lot Size | 19.90 AC |
| Lot Size | 19.90 AC |
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $25,357,517 CAD | |
| Land Assessment | $44,588,347 CAD | Total Assessment | $69,945,864 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$44,588,347 CAD
Improvements Assessment
$25,357,517 CAD
Total Assessment
$69,945,864 CAD
CONTACTS
-
Adam Attia -
Steve Bogoyevac -
Patrick Toomey -
Parham Khoshbakhtian -
Marcus & Millichap
1 of 7
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
W Kaahumanu & Puunene Ave Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.