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16 Maluhia Dr Wailuku, HI 96793

For Sale
$6,500,000

Five-parcel Wailuku investment opportunity

Description

Added:
Feb 3, 2025
Days on Market:
309
This exceptional commercial investment opportunity in the heart of Wailuku, Hawaii, presents five separate tax map keys (TMKs) totaling approximately 58,706 square feet of land, offering significant redevelopment potential. The portfolio boasts substantial Main Street frontage (approximately 341 feet), placing it within walking distance of county and state buildings, and the central business district. The properties are zoned B-2 and situated within both the Wailuku Redevelopment Area and an Opportunity Zone, presenting a unique live/work development possibility. The existing buildings comprise a total of approximately 28,000 square feet of space, with building sizes ranging from 1,900 to 9,274 square feet. The property's strategic location offers convenient access to the hospital, police station, and UH Maui College. The current net operating income (NOI) is $393,779. This portfolio is ideally suited for an investor seeking a high-yield, mixed-use development project in a thriving Maui location. The property includes five parcels with addresses at 1942, 1960, 1980, and 1994 Main Street, and 16 Maluhia Drive. The sale includes MLS #s 401861, 401869, 401870, 401871, and 401872. This is a rare opportunity to acquire a significant commercial holding in a prime Wailuku location. The properties are conveniently located near a new municipal county parking structure with 393 parking stalls.

Property Features for 16 Maluhia Dr

General Information

Property type
Other commercial real estate
Lot Size
4,356 SF

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Map

City
Wailuku
County
Maui
State
Hawaii
Longitude
-156.5009
Latitude
20.88842

FAQs

What type of property is this?
Commercial real estate - Five-parcel Wailuku investment opportunity
Where is this commercial real estate located?
The property is located at 16 Maluhia Dr Wailuku, HI.
What is the asking price?
The asking price for this property is $6,500,000.
More about this property
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