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509 Kawainui St

3,200 SF 100% Leased Retail Building Kailua, HI 96734 $1,950,000 ($609/SF)

Investment Highlights

  • 98% occupied
  • Desirable demopraphics
  • B-2 zoning
  • High-visibility signage
  • Outdoor lifestyle appeal

Executive Summary

Tenure: Fee Simple
Rare opportunity to own fee simple property in the thriving and supply-constrained Kailua town. Ideal fit for visionary owner-users looking for predictable space expense and the flexibility of either revenue from the remaining leased units or on-site housing. By executing strategic renovations, new ownership is poised to benefit from Kailua’s rising retail and residential rental market.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,200 SF
Building Class
C
Year Built
1958
Price
$1,950,000
Price Per SF
$609
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
9’
Building FAR
0.57
Land Acres
0.13 AC
Zoning
U/32/30
Parking
3 Spaces (0.94 Spaces per 1,000 SF Leased)
Frontage
192 FT on Kawainui St

Amenities

  • Bus Line
  • Signage
Walk Score ®
Very Walkable (86)
Bike Score ®
Very Bikeable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

The Coffee Bean and Tea Leaf
Central Pacific Bank
Anytime Fitness
L & L Hawaiian Barbecue
Zippy's
Hawaii National Bank
Starbucks
Stretchlab
Fit Body Boot Camp
Maui Tacos

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1-4-3-059-050-0000
Land Assessment
$1,468,000
Improvements Assessment
$236,800
Total Assessment
$1,704,800
  • Listing ID: 29603525

  • Date on Market: 9/22/2023

  • Last Updated:

  • Address: 509 Kawainui St, Kailua, HI 96734

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