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    318 Market St Wailuku, HI 96793

    For Sale
    $998,000

    Historic Wailuku eatery, residential space included.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional commercial property, situated in the heart of historic Wailuku, presents a unique investment opportunity. The building is currently configured as a fully operational restaurant, complete with a dedicated dining area and restroom facilities. The commercial kitchen is well-equipped and features essential components for efficient food service, including a fire suppression system, a powerful vent hood, a walk-in refrigerator, a walk-in freezer, and a grease trap. This ensures compliance with all necessary safety and operational standards. Beyond the restaurant space, the property offers significant additional value with a residential component. Located on the upper level, this area comprises two bedrooms and one bathroom, providing versatile options for owner occupancy, staff housing, or potential rental income. The 0.09-acre lot includes a paved parking area located behind the building, providing ample and convenient parking for patrons and residents. The property's prime location in Wailuku's historic district offers excellent visibility and accessibility, making it an ideal location for a thriving restaurant business. The combination of commercial and residential space makes this a truly unique and attractive investment opportunity. The property is priced at $998,000.

    Property Features for 318 Market St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    3,920 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Wailuku
    County
    Maui
    State
    Hawaii
    Longitude
    -156.504
    Latitude
    20.8921

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    FAQs

    What type of property is this?
    Commercial real estate - Historic Wailuku eatery, residential space included.
    Where is this commercial real estate located?
    The property is located at 318 Market St Wailuku, HI.
    What is the asking price?
    The asking price for this property is $998,000.
    (808) 871-1769
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    318 Market St Wailuku, HI 96793
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