66-239 A Kamehameha Hwy Haleiwa, HI 96712
- Specialty properties
- 41,992 SF
Current Use by Public Records
- Specialty properties
Property Details for 66-239 A Kamehameha Hwy
- Property size
- 41,992 SF
- Property type
- Specialty properties
- Property subtype
- Retail properties
Description
This exceptional 41,992 square foot commercial land parcel presents a unique investment opportunity in the thriving Haleiwa business zone on Oahu's North Shore. Located at 66-239 A Kamehameha Highway, Haleiwa, HI 96712, this property boasts 150 feet of prime frontage on Kamehameha Highway, a key thoroughfare experiencing high tourist traffic. Currently zoned B-1, the land offers significant development potential, particularly for restaurant uses, as indicated by its permitted zoning and subtype designations. The asking price is $8,695,000, translating to $207.06 per square foot. A significant advantage is the inclusion of existing short-term tenants generating a stabilized net operating income (NOI) of $322,196, providing a pro-forma cap rate of 3.71% and 100% occupancy. This allows for potential revenue generation while development plans are finalized. Detailed information, including aerial video/photos, sales comparables, a feasibility study, and access to further due diligence files, is available upon request. This is the largest undeveloped business parcel on Oahu's North Shore, presenting a rare chance to establish a prominent brand in a high-demand tourist destination. The property is multi-tenanted and includes parking and parking lot space.
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
- Haleiwa
- County
- Honolulu
- State
- Hawaii
- Longitude
- -158.104
- Latitude
- 21.5871
