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    OFF-MARKET
    Commercial real estate

    41-37 Wailea St, Waimanalo, HI 96795-1619

    552 SF 0.27 ac lot Built 1955
    Individually Owned ~ Est. High Equity
    Property ID
    US24-0388545
    Property summary
    AI-generated overview

    This exceptional Waimanalo commercial property, located at 41-37 Wailea Street, presents a unique investment opportunity. The expansive 19,569 square-foot lot, situated on Kalanianaole Highway, enjoys high visibility and significant traffic from both locals and tourists. The property includes a thriving existing business, providing immediate income potential. Ample on-site parking ensures customer convenience. A three-bedroom residence is attached to the main commercial building, offering the possibility of live-work arrangements or generating additional rental income. A vacant portion of the 0.27-acre lot allows for expansion of the existing business, the addition of complementary services, or the development of entirely new income streams. The property's strategic location, just minutes from Waimanalo Beach Park, guarantees consistent pedestrian and vehicular traffic, maximizing exposure and customer reach. The 552 square-foot main building is complemented by the substantial lot size, making this a versatile property suitable for a wide range of commercial ventures. This prime location and the existing infrastructure create a compelling opportunity for investors seeking a high-return investment with significant upside potential. The combination of a successful business, residential space, and ample room for expansion makes this a truly remarkable offering in the desirable Waimanalo market. The asking price is $3,500,000.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1955
    Total area 552 SF
    Lot 0.27 ac (11,741 SF)
    Zoning code B-1
    APN 1-4-1-004-009
    UPID US24-0388545
    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
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    Owner & transaction history
    Betty C Chong
    Betty C Chong
    1 recorded transaction
    1969
    Zoning & alternative use
    B-1 · Waimanalo, HI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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