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66-239 Kamehameha Hwy
0.96 Acres of Commercial Land Offered at $8,695,000 in Haleiwa, HI 96712
Investment Highlights
- ***UPDATED*** Current NOI is now $322,196 (Gross income of $372,984 less $50,788 in RPT)
- Perfect for 1031 exchange
- Haleiwa is bursting at the seams with tourists
- Ideql for redevelopment (or keep as stable income or as a land bank option)
Executive Summary
Sale Flyer
Financial Summary (Actual - 2022) |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$372,984
|
$386,912.86
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$372,984
|
$386,912.86
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$50,788
|
$52,684.65
|
| Net Operating Income |
$322,196
|
$334,228.22
|
Financial Summary (Actual - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $372,984 |
| Annual Per AC | $386,912.86 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $372,984 |
| Annual Per AC | $386,912.86 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $50,788 |
| Annual Per AC | $52,684.65 |
| Net Operating Income | |
|---|---|
| Annual | $322,196 |
| Annual Per AC | $334,228.22 |
Property Facts
1 Lot Available
Lot
| Price | $8,695,000 | Lot Size | 0.96 AC |
| Price Per AC | $9,019,672 |
| Price | $8,695,000 |
| Price Per AC | $9,019,672 |
| Lot Size | 0.96 AC |
*NEW UPDATED/CURRENT NOI* $322,196 Currently there are a mixture of 6 tenants (Retail, Food Truck, Residential). The LARGEST UNDEVELOPED BUSINESS ZONED LOT on the North Shore of Oahu.
Description
*NEW UPDATED NOI* $322,196 (only owner expense is RPT and is self-managed). Currently, there are a mixture of six tenants (retail, food truck, residential). The true value of this parcel of land is that it is the largest undeveloped business-zoned plot on the North Shore. It boasts 150 feet of prime Kamehameha Highway frontage. Located across from the busiest shopping center on North Shore, amid the bustling tourist mecca of Historic Haleiwa Town. Enjoy stable in-place income while you make development plans or use it as a land bank.
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Banzai Sushi Bar | Japanese | $$ | 2 min walk |
| Storto's Deli | Deli | $ | 1 min walk |
| Breakers Restaurant & Bar | American | $$ | 3 min walk |
| IL Gelato Cafe | Cafe | $ | 3 min walk |
| Haleiwa Joe's Seafood Grill | Seafood | $$ | 9 min walk |
Retail |
||
|---|---|---|
| Patagonia | Sporting Goods | 2 min walk |
| Bank of Hawaii | Finance Company | 3 min walk |
| Longs Drugs | Drug Store | 3 min walk |
| Ace Hardware | Hardware | 5 min walk |
| 7-Eleven | Convenience Market | 9 min walk |
zoning
| Zoning Code | B-1 |
| B-1 |
Sale Advisors
Sale Advisors
Scott Eden, Managing Director, Commercial Real Estate Sales
Ka'ala Shea, Senior Associate
Presented by
66-239 Kamehameha Hwy
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