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    OFF-MARKET
    Turn key restaurants

    318 Market St, Wailuku, HI 96793-1158

    1,298 SF 0.09 ac lot Built 1949
    Individually Owned 14-yr Hold Free & Clear
    Property ID
    US24-0010054
    Property summary
    AI-generated overview

    This exceptional commercial property, situated in the heart of historic Wailuku, presents a unique investment opportunity. The building is currently configured as a fully operational restaurant, complete with a dedicated dining area and restroom facilities. The commercial kitchen is well-equipped and features essential components for efficient food service, including a fire suppression system, a powerful vent hood, a walk-in refrigerator, a walk-in freezer, and a grease trap. This ensures compliance with all necessary safety and operational standards. Beyond the restaurant space, the property offers significant additional value with a residential component. Located on the upper level, this area comprises two bedrooms and one bathroom, providing versatile options for owner occupancy, staff housing, or potential rental income. The 0.09-acre lot includes a paved parking area located behind the building, providing ample and convenient parking for patrons and residents. The property's prime location in Wailuku's historic district offers excellent visibility and accessibility, making it an ideal location for a thriving restaurant business. The combination of commercial and residential space makes this a truly unique and attractive investment opportunity. The property is priced at $998,000.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1949
    Construction WOOD
    Total area 1,298 SF
    Lot 0.09 ac (4,010 SF)
    Zoning code B-2
    APN 3-4-033-032
    UPID US24-0010054
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
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    Owner & transaction history
    Rui Y Chen · 14 yrs held
    Rui Y Chen
    since 2012
    5 recorded transactions
    2012
    $359,000
    2007
    $580,000
    2002
    $110,000
    1969
    1969
    Zoning & alternative use
    B-2 · Wailuku, HI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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