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4585 Kukui St

Kapaa, HI 96746
  • $3,900,000
  • STATUS: Active Under Contract
  • ON SITE: 199 Days
  • MLS #: 661282
Under Contract
UPDATED: 55 min ago
$3,900,000
  • 14
    BEDS
  • 0.43
    ACRES
  • 14
    BATHS
  • 1
    1/2 BATHS
  • 7,408
    SQFT
  • $526
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1989
Area:

School Ratings & Info

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.

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© 2022 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Stay Kauai. Data last updated: 2022-11-30T08:34:22.427.
www.staykauairealty.com/homes/128730103
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4585 Kukui St Kapaa, HI 96746

  • Price: $3,900,000
  • Status: Active Under Contract
  • On Site: 199 Days
  • Updated: 55 min ago
  • MLS #: 661282
14
Beds
14
Baths
1
½ Baths
0.43
Acres
7,408
SQFT
$526
$/SQFT
1989
Built
Neighborhood:
Kapaa Town Lots
Area:
Kawaihau
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.
Exterior Features

Design Double Wall Fence Hollow TileWoodenWire Frontage Road/Street Land Tenure Leasehold Lot Description Inside Ocean Front No Pool No Roads CountyPaved Topography Level

Interior Features

Appliances Convection OvenMicrowaveRefrigerator Floors LaminateOther (Remarks) Heating Cooling None Washer Dryer CoinDryerWasher

Property Features

Assessed Value 2989200 Assessment Year 2022 Distressed Standard Sale Fee Available No Lot Number 8-A Monthly Association Fees 0.00 Phone Service CableCellLand Line Power Overhead Property Type Commercial Security None Sewer Sewer-Connected Solid Waste Disposal Private Contractor Tax Key 445010001 Taxes 23039.00 Terms 1031 ExchangeCashConventional Tv Availability Cable Vehicle Parking Unassigned Water MunicipalMeter Installed Zoning Spa-A

Listing information © 2022 MLS Hawaii, Inc. All rights reserved.
Listing courtesy of Exp Realty.


© 2022 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Stay Kauai. Data last updated: 2022-11-30T08:34:22.427.
 
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