1994 Main St Wailuku, HI 96793
- Commercial real estate
- 0.05 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1994 Main St
- Lot size
- 0.05 lot acres
- Zone code
- B-2
- Property type
- Commercial real estate
- APN
- 3-4-012-017
- APU
- 34012017
Description
This exceptional investment opportunity encompasses five contiguous parcels totaling approximately 58,706 square feet of land in Wailuku's central business district. Strategically located on Main Street, the property boasts an impressive estimated 341 feet of frontage. The assemblage includes five separate Tax Map Keys (TMKs), offering significant redevelopment potential, and could be consolidated for a larger-scale project. The existing buildings offer a combined approximate 28,000 square feet of space, including structures at 1942, 1960, and 1980 Main Street, and a total Net Operating Income (NOI) of $393,779. The property's B-2 zoning allows for commercial mixed-use development, making it ideal for a live/work project. Its prime location offers easy access to county and state buildings, a nearby municipal parking structure with 393 stalls, the hospital, police station, and UH Maui College. This offering presents a rare chance to acquire a substantial holding in a thriving, rapidly developing area within the Wailuku Redevelopment Area and an Opportunity Zone. Individual parcel sizes vary, with the largest land parcel at 20,552 square feet. The property's address is 1994 Main Street, Wailuku, HI, and is listed at $6,500,000. The sale includes MLS #s 401861, 401869, 401870, 401871, and 401872.
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
- -156.501
- Latitude
- 20.888
- CBSA code
- 27980
- CBSA name
- KAHULUI-WAILUKU, HI MICROPOLITAN STATISTICAL AREA
