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Property profile & analytics
OFF-MARKET
Turn key restaurants

65 Hana Hwy Paia, HI 96779

364 SF 0.34 ac lot Built 1954
Individually Owned 10-yr Hold Absentee Owner Free & Clear
Property ID
US24-0274750
Property summary
AI-generated overview

This exceptional beachfront property at 65 Hana Hwy, Paia, Maui, presents a unique investment opportunity. Situated on a prime 0.61-acre lot in the heart of Paia Town, this business boasts 145 feet of pristine white sand beach frontage and 100 feet of high-visibility frontage along the Road to Hana, experiencing 1,950 vehicles daily. The property features a fully equipped 364 square foot commercial kitchen, complete with a 500-gallon grease interceptor. Outdoor dining is accommodated by a 390 square foot covered restaurant seating area and a substantial 2,000 square foot approved patio area, perfect for large-scale events. A certified Accessory Airstream kitchen adds further culinary versatility. A 1,776 square foot building houses four separate retail spaces, each with its own private entrance, offering flexibility for various configurations. Onsite amenities include parking for 15 vehicles and two restrooms. Gated beach access provides exclusive beach access for patrons. This leasehold property offers a substantial remaining lease term of 29 years, ensuring long-term operational security. The property's zoning (Business-Country Town and R-3) allows for diverse operational possibilities. This is a rare opportunity to acquire a thriving beachfront restaurant and event venue in a highly desirable location.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1954
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 364 SF
Lot 0.34 ac (15,006 SF)
Zoning code INTERIM
APN 2-6-002-010
UPID US24-0274750
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
Current use
Occupant on record · Public records
  • BEACHSIDE MASSAGE THERAPY Alternative Medicine Practice Spa & Massage Center
  • Surf Club Inc. Hotel & Motel Resort
  • Hana Hou Cafe Restaurant
  • Maui's Finest Lū‘au Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Michael Ruben · 10 yrs held
Michael Ruben
since 2015
6 recorded transactions
2019
Price N/A
2015
Price N/A
2014
$2.0M
2014
Price N/A
2005
Price N/A
1969
Price N/A
Zoning & alternative use
INTERIM · Paia, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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