Property Description

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.

Interior Features
: Microwave, Refrigerator, Convection Oven
Double Wall
Laminate,Other (remarks)
None
: Washer, Dryer, Coin
Exterior Features
: Road/street
: Wire, Hollow Tile, Wooden
: Unassigned
Inside
8-A
N
Level
Area Features
Overhead
County,Paved
: Sewer-connected
: Private Contractor
Cable
Municipal,Meter Installed
Cable,Cell,Land Line
Financial
1989
: Spa-a
No
4450100010000
2989200
$23,039
1031 Exchange,Cash,Conventional
2022
Address Map
KAPAA
KAPAA TOWN LOTS
96746
KUKUI ST
4585 KUKUI ST
: Kawaihau/kapaa
Additional Details
Standard Sale
Leasehold
04/26/2022 03:16:00
05/20/2022 23:03:05
27
Media
27
Listor
eXp Realty
Donald G. Pixler

Commercial - 4504 KUKUI ST

4585 KUKUI ST, KAPAA, 96746

14 Bedrooms
14.01 Bathrooms
$3,600,000
Listing ID #661282
Basic Details
Summary : Rare real estate investment opportunity on the Isl
Property Type : Commercial
Listing Type : For Sale
Listing ID : 661282
Price : $3,600,000
Interior Area (Total) : 7,408 Sqft
Bedrooms : 14
Bathrooms : 14.01
Baths Full (Total) : 13
Half Bathrooms : 1
Baths 3/4 (Total) : 1
Land Area : 18,557 Sqft
Status : Contingent
QR Code
QR Code
Agent info
Team Mira
3147 Poipu Rd., Ste. 110B
Contact Agent