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66520 Kamehameha Hwy Haleiwa, HI 96712

For Sale
$4,175,000

Historic Haleiwa retail center, 6 units, high occupancy.

Property size:
3,076 SF

Description

Added:
Dec 11, 2024
Days on Market:
360
This exceptional investment opportunity presents the chance to acquire the Haleiwa Plantation Shops, a fee-simple retail center located in the vibrant town of Haleiwa on Oahu's North Shore. The property comprises three separate buildings totaling 3,076 square feet, situated on a 0.46-acre lot (approximately 16,993 square feet). Currently boasting 100% occupancy with six tenants, this multi-tenant property generates a substantial net operating income (NOI) of $252,189, representing a 6.04% capitalization rate. The asking price is $4,175,000, translating to $1,357.28 per square foot. Built in 1914 and extensively renovated in 2015, the property features updated electrical, plumbing, and septic systems. Ample parking is provided with 26 spaces. The property benefits from a high-traffic location along Kamehameha Highway, ensuring excellent visibility for tenants. The current leases include annual rent increases, offering immediate and future cash flow growth potential. The zoning is R-5, Permitted Non-Conforming, with an approved conditional use permit ensuring continued commercial use. Seller financing is available, up to $2 million, with a 5-year term, 5% interest-only payments, and a 1-point origination fee, subject to qualification. This is a rare opportunity to acquire a fully leased, well-maintained retail property in a highly desirable location with significant upside potential.

Property Features for 66520 Kamehameha Hwy

General Information

Property type
Individual retail properties
Square Feet
3,076 SF
Lot Size
20,038 SF

Building Details

Year Built/Renovated
1914/2015
Buildings
3
Stories
1
Units
6

HighLights

  • Fee simple ownership of a 3,076 SF retail center on a ~17,000 SF lot in Haleiwa, Oahu's North Shore.
  • Rare fee simple retail opportunity in Haleiwa; fully leased with low capital expenditure needs.
  • High‑visibility Haleiwa location on Kamehameha Highway, boasting daily traffic counts exceeding 12,000 vehicles.
  • Recently renovated (2014‑2015) with new utilities and parking lot restriped in 2021.
  • Strong, increasing cash flow from existing leases with potential for additional income via percentage rent.
  • Seller financing available: Up to $2M, 5% interest‑only, 5‑year term, 1 point. Subject to qualification.
Property Profile Location Intelligence

Current Use by Public Records

Retail space

Map

City
Haleiwa
County
Honolulu
State
Hawaii
Longitude
-158.1052778
Latitude
21.5795967

FAQs

What type of property is this?
Individual retail property - Historic Haleiwa retail center, 6 units, high occupancy.
Where is this individual retail property located?
The property is located at 66520 Kamehameha Hwy Haleiwa, HI.
What is the asking price?
The asking price for this property is $4,175,000.
What are key features of this property?
This property features: Fee simple ownership of a 3,076 SF retail center on a ~17,000 SF lot in Haleiwa, Oahu's North Shore.; Rare fee simple retail opportunity in Haleiwa; fully leased with low capital expenditure needs.; High-visibility Haleiwa location on Kamehameha Highway, boasting daily traffic counts exceeding 12,000 vehicles.
More about this property
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