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1942 Main St Wailuku, HI 96793

For Sale
$6,500,000

Five parcels, high NOI, redevelopment potential.

Description

Added:
Feb 3, 2025
Days on Market:
306
This exceptional investment opportunity encompasses five contiguous parcels totaling 0.51 acres situated on Main Street in Wailuku, Hawaii. The properties, identified by separate Tax Map Keys (TMKs), offer significant redevelopment potential within the Wailuku Redevelopment Area and Opportunity Zone. The combined land area spans approximately 58,706 square feet, featuring a substantial 341-foot frontage along Main Street. Existing improvements include multiple buildings with a total of approximately 27,950 square feet of building space. The property boasts a prime location, within walking distance of county and state buildings, the hospital, police station, and UH Maui College. The high-traffic location on a primary thoroughfare in Wailuku's central business district ensures excellent visibility and accessibility. The property's current Net Operating Income (NOI) is $393,779. The B-2 zoning allows for commercial mixed-use development, making it ideal for a live/work project. The property's proximity to a new municipal parking structure with 393 stalls further enhances its appeal. This offering presents a rare chance to acquire a substantial portfolio in a thriving Maui location. Detailed parcel information includes: 1942 Main St (22,154 SF land, 13,400 SF buildings)

Property Features for 1942 Main St

General Information

Property type
Other commercial real estate
Lot Size
22,216 SF

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Aloha Events Catering Event Planner New Creation Jiu ... Martial Arts School C.U.T. Market Clothing Store Road & Track Performance ... Auto Parts Store Valley Isle Electric Electrician

Map

City
Wailuku
County
Maui
State
Hawaii
Longitude
-156.5007
Latitude
20.88838

FAQs

What type of property is this?
Commercial real estate - Five parcels, high NOI, redevelopment potential.
Where is this commercial real estate located?
The property is located at 1942 Main St 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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