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    1005 Lower Main St Wailuku, HI 96793

    For Sale
    $4,399,000

    Prime Wailuku location, large building, high potential

    Property size:
    11,748 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional mixed-use property in Wailuku, Hawaii, presents a rare investment opportunity. The offering encompasses two parcels totaling 2.13 acres. The main parcel, featuring a substantial 10,564 square foot metal frame building with 23-foot ceilings, sits on 0.72 acres (31,428 sq ft) and is zoned B-2 Business - Community. This building previously housed a thriving bakery, boasting a fully equipped commercial kitchen including industrial-sized freezers, refrigerators, mixers, and ovens. The existing layout includes approximately 1,200 square feet of ground-floor retail space with an office mezzanine above. The second parcel, comprising 2.127 acres (61,242 sq ft), is zoned A-2 Apartment, offering significant development potential. The property benefits from approximately 625 linear feet of Lower Main Street frontage and 15 paved parking stalls, with additional parking possibilities on the vacant land. A significant advantage is the presence of 200 owned 345W solar panels installed in 2017, generating 57.6 kW (AC) and substantially reducing electricity costs. The combined parcels are offered at $4,399,000. The property's size, location, and existing infrastructure make it ideal for a variety of commercial and residential uses. Tax Map Key numbers are (2)3-8-037-049 and (2)3-8-037-048 for the respective parcels.

    Property Features for 1005 Lower Main St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    11,748 SF
    Lot Size
    92,783 SF

    Building Details

    Year Built
    1982
    Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Map

    City
    Wailuku
    County
    Maui
    State
    Hawaii
    Longitude
    -156.4887
    Latitude
    20.89952

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Wailuku location, large building, high potential
    Where is this mixed-use property 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
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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

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    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
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