W Kaahumanu & Puunene Ave Ave - Commercial LAND FOR SALE
Kahului, HI 96732 | 866,844 SF
619-507-1275
W Kaahumanu & Puunene Ave Ave
Kahului, HI 96732
HIGHLIGHTS
- Opportunity to Acquire a Nearly 20-Acre Site on the Island of Maui Occupied by the 136,941-SF Kahului Shopping Center
- Rare True Covered Land Play: Multi-tenant rent roll with significant income to cover costs until the asset can be entitled for redevelopment
- Immediate QSR / NNN Ground Lease Opportunity: Potential to ground lease at least two parcels along Puunene Ave
- Mixed-Use Development Potential: A developer may want to explore redeveloping ±12 acres of the site to a mixed retail-residential use
- Prime Maui Location: Along a major arterial, surrounded by retailers, and proximate to transportation hubs
- Control of all six parcels allows flexibility to pursue various development strategies
OVERVIEW
Marcus & Millichap is pleased to present to market Kahului Shopping Center, an impressive piece of Maui real estate in the island’s largest town and commercial hub, encompassing a rare ±19.9 fee simple acres across six parcels taking up an entire city block. Kahului Shopping Center currently contains a multi-tenant retail center, three office buildings, a net leased Burger King, and a ground lease to a church. The property represents a seldom-seen opportunity to develop much-needed housing in Maui, while enjoying cash flow during entitlements and construction.
FOR SALE DETAILS
PRICE
Request Info for Price
# OF LOTS
-
LAND DETAILS
PROPERTY TYPE
Land
PROPERTY SUBTYPE
Commercial
LAND PROPOSED USE
Commercial, Mixed Use
LAND ACRES
19.9 AC
LAND SF
866,844 SF
OFFSITE IMPROVEMENTS
Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation
ZONING
B-2
APN/PARCEL ID
2-3-7-007-005-0000,2-3-7-007-008-0000,2-3-7-007-009-0000,2-3-7-007-010-0000,2-3-7-007-027-0000,2-3-7-007-050-0000
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619-507-1275
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619-507-1275
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