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1005 Lower Main St 10,564 SF Vacant Industrial Building Wailuku, HI 96793 $3,750,000 ($354.98/SF) 5% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Large street front access.
  • Lost of parking
  • A-2 (Apartment) and B-2 (Business - Community) Zoning
  • Large existing steal frame buidling
  • 200 solar panels 345 W (owned) producing 57.6 kw (AC)

EXECUTIVE SUMMARY

Home to Maui’s own Home Maid Bakery for over 35+ years. Rarely available 10,564 sq ft metal frame building with 23 feet ceilings siting on 0.721 acres (31,428 sq ft) (TMK 049) of land in Wailuku which includes the adjacent vacant land of 2.127 acres (61,242 sq ft) (TMK 048), both zoned B-2 Business - Community & A-2 Apartment. Originally used and operated as a full-service bakery with industrial size walk in freezers, refrigerators, mixers ovens and commercial stainless-steel kitchen. Building consists of approximately 1,200 sq ft of existing retail space on the bottom floor with office space mezzanine directly above. HIGHLIGHTS • 200 solar panels 345 W (owned) producing 57.6 kw (AC) installed in 2017 reducing the existing electric bills. • Lower Main Street frontage (approximately 625 linear ft) • 15 paved parking stalls with additional parking on the adjacent vacant land SUMMARY • Offering Price: (2 parcels) $3,750,000 • 1005 Lower Main Street (SF): 10,564 (building) / 31,428 (land) TMK#'s (2)3-8-037-049 (B-2) • 955 Lower Main Street (SF): 61,242 (land) TMK#'s (2)3-8-037-048 (A-2)

PROPERTY FACTS

Price $3,750,000
Price Per SF $354.98
Sale Type Investment or Owner User
Cap Rate 5%
Sale Condition 1031 Exchange
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 2.13 AC
Rentable Building Area 10,564 SF
No. Stories 2
Year Built 1982
Parking Ratio 1.42/1,000 SF
Clear Ceiling Height 22’
Zoning B-2 & A-2 - TMK 49 - (B-2 - Business - Community) TMK 48 - (A-2 - Apartment)

AMENITIES

  • 24 Hour Access
  • Freezer (Space)
  • Mezzanine
  • Storage Space

UTILITIES

  • Lighting
  • Gas
  • Water - County
  • Sewer - County
  • Heating

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • TBD
  • -
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
TBD - - - -

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Floor
  • 9,000 SF
  • Flex
  • Shell Space
  • Now
  • Mezzanine
  • 1,564 SF
  • Flex
  • Shell Space
  • Now
Space Size Space Use Condition Available
1st Floor 9,000 SF Flex Shell Space Now
Mezzanine 1,564 SF Flex Shell Space Now

1st Floor

Size
9,000 SF
Space Use
Flex
Condition
Shell Space
Available
Now

Mezzanine

Size
1,564 SF
Space Use
Flex
Condition
Shell Space
Available
Now

1st Floor

Size 9,000 SF
Space Use Flex
Condition Shell Space
Available Now

Walk Score®
Very Walkable (72)
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.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2-3-8-037-049-0000
Land Assessment
$616,000
Improvements Assessment
$447,400
Total Assessment
$1,063,400
  • Listing ID: 32688573

  • Date on Market: 8/4/2024

  • Last Updated:

  • Address: 1005 Lower Main St, Wailuku, HI 96793

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