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66-239 Kamehameha Hwy 0.96 Acres of Residential Land Offered at $8,695,000 in Haleiwa, HI 96712

INVESTMENT HIGHLIGHTS

  • ***UPDATED*** Current NOI is now $322,196 (Gross income of $372,984 less $50,788 in RPT)
  • Perfect for 1031 exchange
  • Haleiwa is bursting at the seams with tourists
  • Ideql for redevelopment (or keep as stable income or as a land bank option)

EXECUTIVE SUMMARY

Email for access to Development FEASIBILITY STUDY, Fact Sheet, Haleiwa Improvement District PUBLIC SIDEWALK PROJECT, and CA for access to further DD files/information.

SALE FLYER

MORE ATTACHMENTS

41,992 SF HAWAII Business Zoned Development Parcel1
Land Use Ordinance B-1 and B-2 ALLOWABLE USE UPDATE 2025

FINANCIAL SUMMARY (ACTUAL - 2022)

ANNUAL ANNUAL PER AC
Gross Rental Income $372,984 $386,912.86
Other Income - -
Vacancy Loss - -
Effective Gross Income $372,984 $386,912.86
Taxes - -
Operating Expenses - -
Total Expenses $50,788 $52,684.65
Net Operating Income $322,196 $334,228.22

FINANCIAL SUMMARY (ACTUAL - 2022)

Gross Rental Income
Annual $372,984
Annual Per AC $386,912.86
Other Income
Annual -
Annual Per AC -
Vacancy Loss
Annual -
Annual Per AC -
Effective Gross Income
Annual $372,984
Annual Per AC $386,912.86
Taxes
Annual -
Annual Per AC -
Operating Expenses
Annual -
Annual Per AC -
Total Expenses
Annual $50,788
Annual Per AC $52,684.65
Net Operating Income
Annual $322,196
Annual Per AC $334,228.22

PROPERTY FACTS

Price $8,695,000 Property Subtype Residential
Sale Type Investment Proposed Use
Commercial
  • Retail
  • Mixed Use
  • Multifamily
  • Bank
  • Community Center
  • Convenience Store
  • Drugstore
  • Fast Food
  • General Freestanding
  • Hold For Development
  • Hold For Investment
  • Medical
  • Neighborhood Center
  • Planned Unit Development
  • Restaurant
  • Retail Warehouse
  • Self Storage
  • Storefront
  • Storefront, Retail or Office
  • Storefront, Retail or Residential
  • Strip Center
  • Supermarket
No. Lots 1 Total Lot Size 0.96 AC
Property Type Land
Zoning B-1 - 2025 Land Use Ordinance/BILL 64 Update Amends B-1 Zoning to NOW Allow MULTI-FAMILY DWELLINGS as a PERMITTED USE. www.honolulucitycouncil.org/bill64
Price $8,695,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Commercial
  • Retail
  • Mixed Use
  • Multifamily
  • Bank
  • Community Center
  • Convenience Store
  • Drugstore
  • Fast Food
  • General Freestanding
  • Hold For Development
  • Hold For Investment
  • Medical
  • Neighborhood Center
  • Planned Unit Development
  • Restaurant
  • Retail Warehouse
  • Self Storage
  • Storefront
  • Storefront, Retail or Office
  • Storefront, Retail or Residential
  • Strip Center
  • Supermarket
Total Lot Size 0.96 AC
Zoning B-1 - 2025 Land Use Ordinance/BILL 64 Update Amends B-1 Zoning to NOW Allow MULTI-FAMILY DWELLINGS as a PERMITTED USE. www.honolulucitycouncil.org/bill64

1 LOT AVAILABLE

Lot

Price $8,695,000 Lot Size 0.96 AC
Price Per AC $9,019,672.12
Price $8,695,000
Price Per AC $9,019,672.12
Lot Size 0.96 AC

***2025 Land Use Ordinance BILL 64 Update Amends B-1 Zoning to NOW Allow MULTI-FAMILY DWELLINGS as a PERMITTED USE. This is the LARGEST UNDEVELOPED MIXED USE BUSINESS & MULTI-FAMILY ZONED LOT on the North Shore of Oahu.

DESCRIPTION

*NEW UPDATED NOI* $322,196 (owner self-manages). Currently, there are a mixture of six tenants (retail, food truck, residential). The true value of this parcel of land is that it is the largest undeveloped MIXED USE BUSINESS/MULTI-FAMILY DWELLING-zoned lot on the North Shore. It boasts 150 feet of prime Kamehameha Highway frontage. Located across from the busiest shopping center on North Shore, amid the bustling tourist mecca of Historic Haleiwa Town. Enjoy stable in-place income while you make development plans or use it as a land bank.

LINKS

1 1

NEARBY AMENITIES

RESTAURANTS

Banzai Sushi Bar Japanese $$ 2 min walk
Storto's Deli Deli $ 1 min walk
Breakers Restaurant & Bar American $$ 3 min walk
IL Gelato Cafe Cafe $ 3 min walk
Haleiwa Joe's Seafood Grill Seafood $$ 9 min walk

RETAIL

Patagonia Sporting Goods 2 min walk
Bank of Hawaii Finance Company 3 min walk
Longs Drugs Drug Store 3 min walk
Ace Hardware Hardware 5 min walk
7-Eleven Convenience Market 9 min walk

SALE ADVISORS

SALE ADVISORS

(808) 441-0537
Contact
Scott Eden, Managing Director, Commercial Real Estate Sales
(808) 441-0537
Contact
Scott joined the NAI CBI Hawaii team in 2012. In the last 10 years, he has executed over $250M in sales, with an average deal size of $3M. Scott focuses on high net worth private clients, specializing in Investments Sales with a focus on Multi-Family.
(808) 372-1188
Contact
Ka'ala Shea, Senior Associate
(808) 372-1188
Contact
Ka'ala has been with NAI CBI Hawaii since 2015 focusing on Industrial and Investment sales/leasing. Prior to joining CBI, Ka'ala owned and operated a travel business for 15 years in Honolulu. This experience provided an invaluable education for transitioning into commercial real estate as he negotiated leases and bought and sold real estate as a small business owner. Ka'ala understands the needs that business owners have while providing exceptional customer service. Born and raised in Honolulu and having graduated from the University of Washington, Ka'ala understands the needs of both local and mainland clients. Ka'ala excels at turning his clients real estate problems into opportunities.
(808) 774-3510

Still interested?

Contact the brokers for more information about this property

CONTACTS

  • Scott Eden
    Scott Eden
  • Ka'ala Shea
    Ka'ala Shea

  • Listing ID: 11032884

  • Date on Market: 12/20/2017

  • Last Updated:

  • Address: 66-239 Kamehameha Hwy, Haleiwa, HI 96712

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VIDEOS
MATTERPORT 3D EXTERIOR
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66-239 Kamehameha Hwy, Haleiwa, HI for sale Building Photo- Image 1 of 11
High Concentration of Nearby Retailers
66-239 Kamehameha Hwy, Haleiwa, HI for sale Building Photo- Image 2 of 11
Ideal Location for New Development
66-239 Kamehameha Hwy, Haleiwa, HI for sale Building Photo- Image 3 of 11
Across from Northshore Marketplace
66-239 Kamehameha Hwy, Haleiwa, HI for sale Building Photo- Image 4 of 11
Frontage to Kamehameha Hwy
66-239 Kamehameha Hwy, Haleiwa, HI for sale Building Photo- Image 5 of 11
Food Truck with Outdoor Seating
66-239 Kamehameha Hwy, Haleiwa, HI for sale Building Photo- Image 6 of 11
Retailer
66-239 Kamehameha Hwy, Haleiwa, HI for sale Building Photo- Image 7 of 11
Major Local Thoroughfare
66-239 Kamehameha Hwy, Haleiwa, HI for sale Building Photo- Image 8 of 11
.96 Acres in Scenic Haleiwa
66-239 Kamehameha Hwy, Haleiwa, HI for sale Building Photo- Image 9 of 11
Minutes from Haleiwa Beach and Harbor
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Scott Eden
(808) 774-3510

Ka'ala Shea
(808) 774-3510

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