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509 Kawainui St 3,200 SF 100% Leased Retail Building Kailua, HI 96734 $1,950,000 ($609.38/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.
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
$609.38
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
9’
Building FAR
0.57
Lot Size
0.13 AC
Zoning
B-2
Parking
3 Spaces (0.94 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Signage
Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1-4-3-059-050-0000 | Improvements Assessment | $244,000 |
| Land Assessment | $1,468,000 | Total Assessment | $1,712,000 |
PROPERTY TAXES
Parcel Number
1-4-3-059-050-0000
Land Assessment
$1,468,000
Improvements Assessment
$244,000
Total Assessment
$1,712,000
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509 Kawainui St
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