4585 KUKUI ST

KAPAA, HI, 96746

$3,600,000

$485 per ft²
$3,600,000
$485 per ft²
Under Contract
Under Contract
 - For Sale
beds
14 Beds
baths
14.01 Baths
carpenters-square
7,408 ft²
property_type
Commercial
calendar
Built 1989
This is a leasehold property, with a master lease in force through 2084. The conceiver, designer, and architect for this property has shaped this investment opportunity from 1986 to present date. The property is located a block from the Pacific Ocean and the 13-mile oceanfront bike path in the heart of downtown Kapaa, Kauai, Hawaii. Hawaii is referred to as paradise, so allow this opportunity to be your gateway to your slice of Paradise. The lessee, seller of the subject property, sold approximately 1/2 of the original parcel interest and subleases 50% of the master lease obligation to that buyer. This is a diversified investment vehicle, with approximately 4,660 sq ft comprised of 14 residential rentals. Additionally, well established Hoku Foods occupies over 2,748 sq ft on the first or of the 3-story building. Income is strong at approximately 38K per month with low expenses. See PDF attachment for Seller overview and explanation of the arrangements and financial profile. There are a wide range of detailed financial and technical documents available for this property. Additionally, there are income expansion opportunities available on this property that could create a total of 52 senior housing units and the commercial 1st floor Hoku Food space. There is one water meter, 2 electric meters and it is sewer connected. This well-established property is located on the east shore of Kauai Hawaii, central to Kauai's principal business district.
MLS® ID:
661282
Listed:
4/30/22
Updated:
8/7/22
Compass
Sean Ahearn & Jim Karlovsky

Interior Features

Kitchen Appliances
Convection Oven, Microwave, Refrigerator
Total Bedrooms
14
Full Bathrooms
13
Half Bathrooms
1
3/4 Bathrooms
1
Floor Description
Laminate, Other (remarks)
Heating
None

Exterior/Building Features

Lot Size
0.43 acres lot
Lot Details
Inside
Sewer
Sewer-Connected

Other Property Details

Area Name
Kawaihau
Taxes
$23039.00
Tax Frequency
per YEAR
Garage
No
Parking
Unassigned
View
Y
Utilities
Power: Overhead
Water Source
Municipal, Meter Installed
Pool
No
Pool Description
N
Zoning
SPA-A

 

Courtesy of eXp Realty, Donald Pixler

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Sean Ahearn & Jim Karlovsky shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

On this page, not only will you see properties represented by Donald Pixler, you may also see properties represented by other members of Hawaii Information Service.

©2022 Hawaii Information Service. All rights reserved.

Data last updated 11:21 PM UTC, 8/7/22

Compass
Sean Ahearn & Jim Karlovsky
Contact