Property Details for 66520 Kamehameha Hwy

Year built

1914

Lot size

0.46 lot acres

Property size

3,076 SF

Property type

Retail properties & Spaces

Property subtype

Retail space

Description

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.

Location Insight

City

Haleiwa

County

Honolulu

State

Hawaii

Longitude

-158.105

Latitude

21.5796