5 Fee Simple Wailuku Properties for Sale | 1942 Main St
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5 Fee Simple Wailuku Properties for Sale 1942 Main St
9,748 SF 100% Leased Retail Building Wailuku, HI 96793 $9,130,420 CAD ($937 CAD/SF) 6.06% Cap Rate
Investment Highlights
- Ample frontage along Main Street
- 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 the County and State buildings
- Great opportunity for a live/work development
- B-2 Zoning
Executive Summary
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
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
9,748 SF
Building Class
C
Year Built
1944
Price
$9,130,420 CAD
Price Per SF
$937 CAD
Cap Rate
6.06%
NOI
$553,133 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.48
Land Acres
0.47 AC
Opportunity Zone
Yes
Zoning
B-2
Walk Score ®
Very Walkable (86)
PROPERTY TAXES
Parcel Number | 2-3-4-012-016-0000 | Improvements Assessment | $371,676 CAD |
Land Assessment | $1,274,095 CAD | Total Assessment | $1,645,771 CAD |
PROPERTY TAXES
Parcel Number
2-3-4-012-016-0000
Land Assessment
$1,274,095 CAD
Improvements Assessment
$371,676 CAD
Total Assessment
$1,645,771 CAD
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5 Fee Simple Wailuku Properties for Sale | 1942 Main St
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