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Property profile & analytics
OFF-MARKET Estimated value $550,000
Retail space

93 Hana Hwy Paia, HI 96779

1,108 SF 0.13 ac lot Built 1927
Entity Owned 22-yr Hold Free & Clear
Property ID
US24-0060196
Property summary
AI-generated overview

This exceptional investment opportunity presents a highly-rated, award-winning boutique hotel in Paia, Maui. Boasting a 16-year history, this two-story commercial building underwent a complete renovation in 2008, including upgraded utilities and a new fire sprinkler system. A 2018 addition expanded the property to nine deluxe guest rooms. The property also features a thriving, leased full-service restaurant and bar with indoor and patio seating, plus a rooftop space perfect for private events. A retail space with high visibility on the Road to Hana is ideal for upscale boutiques. Six dedicated parking spaces are a rare find in Paia. The property includes a transferable permit. This unique offering is one of nine properties available for sale within a larger portfolio, combining hospitality, dining, retail, wedding, and event spaces. Located in one of Maui's most vibrant beach towns, this hotel offers unparalleled access to Paia's white sand beaches and is the only boutique hotel on Maui's North Shore and Upcountry areas. The 0.13-acre lot provides ample space for the existing structures and operations. This is a rare chance to acquire a well-established and profitable commercial property in a prime location. The property's diverse revenue streams and strong existing tenant create a compelling investment opportunity.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1927
Construction WOOD
Total area 1,108 SF
Lot 0.13 ac (5,633 SF)
Zoning code 2
APN 2-6-002-027
UPID US24-0060196
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
  • Paia Inn Hotel Hotel & Motel
  • 1111 Nikkei Sushi at Paia Inn Grocery & Convenience Store Food Market
  • Imrie Industries Inc Clothing Store
  • Coast Store + Spa Spa & Massage Center
  • Vana Paia Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$405k
Comparable Approach Comparable
$645k
Blend (final) Blend
$550k
Owner & transaction history
Seashore Properties LLC · 22 yrs held
Seashore Properties LLC
since 2003
7 recorded transactions
2021
Price N/A
2019
Price N/A
2018
Price N/A
2016
Price N/A
2003
$700,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
2 · Paia, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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