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    3366 Waapa Rd Lihue, HI 96766

    Sponsored
    For Sale
    $3,000,000

    12,008 SF Retail Space, Kauai

    Property size:
    12,008 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 12,008-square-foot freestanding retail building in Lihue, Kauai, ideally situated on approximately 1.24 acres encompassing two parcels. The property, located at 3366 Waapa Rd, 96766, boasts a prime location near major resorts, retail centers, and restaurants surrounding Nawiliwili Harbor, a key cruise ship docking area. Its proximity to Kalapaki Beach ensures high visibility and captures both local and tourist traffic. The building features a large, dedicated parking area with 40 stalls and convenient access from Waapa Road. This multi-tenancy property is currently configured as a convenience store, restaurant, and storefront, offering diverse income potential. The asking price is $3,000,000, translating to $249.83 per square foot. The property is offered as a ground leasehold interest, with the lease expiring January 31, 2039, providing 15 years of remaining lease term. The occupancy date is October 1, 2024. The APN is 4-3-2-004-006. This is a rare chance to acquire a substantial retail property in a high-traffic area of Kauai.

    Property Features for 3366 Waapa Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    12,008 SF

    HighLights

    • $3,000,000 asking price for a 12,008 SF retail building.
    • Multi‑tenant property with convenience store, restaurant, and storefront uses.
    • Owner/user investment opportunity.
    • Located at 3366 Waapa Rd, Lihue, HI 96766, on approximately 1.24 acres.
    • Ground lease with 15 years remaining (expires 01/31/2039).
    • Features 40 parking stalls and excellent access from Waapa Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Stitchin’ Aloha Clothing Alteration Service ZenCreationzKauai Flower Designer Nawiliwili Yacht Club Yacht Club The Fix Chiropractic Walk-In ... Chiropractor Ohana Smoke Shop Tobacco Shop

    Map

    City
    Lihue
    County
    Kauai
    State
    Hawaii
    Longitude
    -159.3532209
    Latitude
    21.959232

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    FAQs

    What type of property is this?
    Individual retail property - 12,008 SF Retail Space, Kauai
    Where is this individual retail property located?
    The property is located at 3366 Waapa Rd Lihue, HI.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: $3,000,000 asking price for a 12,008 SF retail building.; Multi-tenant property with convenience store, restaurant, and storefront uses.; Owner/user investment opportunity.
    Request Owner's contact information
    3366 Waapa Rd Lihue, HI 96766
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    Lihue, HI 96766
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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
    3366 Waapa Rd Lihue, HI 96766
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