Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1005 Lower Main St Wailuku, HI 96793

    For Sale
    $4,399,000

    Prime Wailuku location, large building, high-yield solar.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional Wailuku commercial property presents a rare investment opportunity. The offering encompasses two parcels totaling 2.13 acres, featuring a substantial 10,564 square foot metal frame building situated on 0.721 acres (TMK 3-8-037-049, zoned B-2 Business - Community). The building, previously home to a thriving bakery for over 35 years, boasts 23-foot ceilings and approximately 1,200 square feet of ground-floor retail space with an upper-level office mezzanine. The property includes a fully equipped commercial kitchen with industrial-sized freezers, refrigerators, mixers, and ovens. A significant advantage is the 200-panel, 57.6 kW (AC) solar system installed in 2017, significantly reducing electricity costs. The property also benefits from approximately 625 linear feet of Lower Main Street frontage and 15 paved parking stalls. An adjacent vacant 2.127-acre parcel (TMK 3-8-037-048, zoned A-2 Apartment) offers substantial expansion potential. The combined offering price for both parcels is $4,399,000. This property is ideal for a variety of commercial uses, offering significant upside potential for a savvy investor.

    Property Features for 1005 Lower Main St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    92,783 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Wailuku
    County
    Maui
    State
    Hawaii
    Longitude
    -156.4887
    Latitude
    20.89952

    Nearby Similar for Sale

    • $1,500,000
      0.06 Acres

      Wailuku Post-Production Audio Studio

      Turnkey post-production studio with Dolby Atmos mixing suite in Wailuku.
      800 Eha St, Wailuku, HI 96793
      View Details
    • $1,499,000
      0.18 Acres

      Wailuku Commercial Property with Buildings

      Unique Wailuku property featuring residential and commercial buildings.
      257 Market St, Wailuku, HI 96793
      View Details
    • $1,720,000
      0.12 Acres

      Wailuku Mixed-Use Commercial Property

      Commercial building and duplexes in Wailuku Redevelopment Area.
      378 N Market St, Wailuku, HI 96793
      View Details
    • $1,125,000

      Wailuku Flex Warehouse For Sale

      Fee simple flex warehouse with office space and high cube.
      401 Hookahi St, Wailuku, HI 96793
      View Details
    • $575,000

      Wailuku Corner End Office Unit

      Versatile Wailuku office unit with mountain views and dual-use potential.
      1129 E Lower Main St, Wailuku, HI 96793
      View Details
    • $899,000

      Refurbished Wailuku Office/Residential Property

      Refurbished Wailuku property suitable for office or residential use.
      1930 E Vineyard St, Wailuku, HI 96793
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime Wailuku location, large building, high-yield solar.
    Where is this commercial real estate located?
    The property is located at 1005 Lower Main St Wailuku, HI.
    What is the asking price?
    The asking price for this property is $4,399,000.
    (808) 382-6871
    Request Owner's contact information
    1005 Lower Main St Wailuku, HI 96793
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1005 Lower Main St
    Wailuku, HI 96793
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1005 Lower Main St Wailuku, HI 96793
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.