1005 Lower Main St Wailuku, HI 96793
- Commercial real estate
- 2.13 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1005 Lower Main St
- Lot size
- 2.13 lot acres
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wailuku
- County
- Maui
- State
- Hawaii
- Longitude
- -156.489
- Latitude
- 20.8995
