1-3461 Kaumualii Hwy Hanapepe, HI 96716
This exceptional leasehold mixed-use property, the Mariko Building, presents a compelling investment opportunity in the charming town of Hanapepe, Kauai. Located at 1-3461 Kaumualii Hwy, 96716, this 13,910 square foot building sits on a 1.256-acre lot (APN: (4) 1-8-8: 40) and offers a blend of retail, industrial, office, and flex space, including mezzanine loft offices and substantial restrooms. Constructed in 1971 and effectively renovated in 1974, the building features a durable heavy gauge metal roof and a well-maintained ventilation system. The property boasts three ingress/egress points with drive-through capability, two grade-level loading bays, and ample parking to accommodate even large vehicles like tour buses. Secured by a chain-link fence and rolling gate, the property benefits from its prominent location on a highly traveled road, offering outstanding street frontage and high traffic counts along Kaumualii Highway and Hanapepe Road. The zoning is C-G, and the property's use is subject to State DLNR approval. This unique offering presents a high barrier to entry within a thriving visitor industry and diverse consumer base. The asking price is $1,190,000, translating to $85.55 per square foot. This is a two-story building.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
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