16 Maluhia Dr Wailuku, HI 96793
- Commercial real estate
- 0.10 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 16 Maluhia Dr
- Lot size
- 0.10 lot acres
- Zone code
- B-2
- Property type
- Commercial real estate
- APN
- 3-4-012-061
- APU
- 34012061
Description
This exceptional commercial investment opportunity in the heart of Wailuku, Hawaii, presents five separate tax map keys (TMKs) totaling approximately 58,706 square feet of land, offering significant redevelopment potential. The portfolio boasts substantial Main Street frontage (approximately 341 feet), placing it within walking distance of county and state buildings, and the central business district. The properties are zoned B-2 and situated within both the Wailuku Redevelopment Area and an Opportunity Zone, presenting a unique live/work development possibility. The existing buildings comprise a total of approximately 28,000 square feet of space, with building sizes ranging from 1,900 to 9,274 square feet. The property's strategic location offers convenient access to the hospital, police station, and UH Maui College. The current net operating income (NOI) is $393,779. This portfolio is ideally suited for an investor seeking a high-yield, mixed-use development project in a thriving Maui location. The property includes five parcels with addresses at 1942, 1960, 1980, and 1994 Main Street, and 16 Maluhia Drive. The sale includes MLS #s 401861, 401869, 401870, 401871, and 401872. This is a rare opportunity to acquire a significant commercial holding in a prime Wailuku location. The properties are conveniently located near a new municipal county parking structure with 393 parking stalls.
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
- 20.8884
- CBSA code
- 27980
- CBSA name
- KAHULUI-WAILUKU, HI MICROPOLITAN STATISTICAL AREA
