115 Kaahumanu Ave Kahului, HI 96732-1605

Property Details for 115 Kaahumanu Ave

Year built

1996

Construction

WOOD

Lot size

0.72 lot acres

Property size

1,036 SF

Zone code

B-2

Property type

Office buildings

APN

3-7-004-010

APU

37004010

Description

Exceptional investment opportunity in Kahului, Maui, featuring two parcels totaling 2,254 - 47,425 square feet on 16,223 - 31,202 square feet of land (APN: 2-3-7-4-10, 11). This prime retail offering is situated on West Kaahumanu Avenue, a major thoroughfare with nearly 50,000 vehicles passing daily, ensuring high visibility and accessibility. The property includes a well-maintained Aloha Petroleum service station (1,218 sq ft convenience store, 8 gas pumps) and a 1,036 sq ft Island Auto Center sales office. Both properties boast single-tenant, absolute NNN leases with creditworthy tenants, providing stable cash flow and minimal management responsibilities. The location is highly desirable, benefiting from proximity to Kahului Harbor, hotels, and major retail centers like Kaahumanu Center and Maui Mall. This offering presents a compelling investment opportunity, further enhanced by its location within a designated Opportunity Zone, providing significant tax advantages. The area boasts a substantial population (52,196 within a 3-mile radius) with a high average annual household income ($116,701). The asking price is $4,900,000, and the property is zoned B-2, Business Community. This is a rare chance to acquire established, high-performing retail assets in a thriving Maui location.