Scott Eden 8087743510
Ka'ala Shea 8087743510

66-239 Kamehameha Hwy 0.96 Acres of Commercial 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.

41,992 SF HAWAII Business Zoned Development Parcel1

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

PROPERTY FACTS

Price	$8,695,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Retail Mixed Use 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

1 LOT AVAILABLE

Lot

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

*NEW UPDATED/CURRENT NOI* $322,196 Currently there are a mixture of 6 tenants (Retail, Food Truck, Residential). The LARGEST UNDEVELOPED BUSINESS ZONED LOT on the North Shore of Oahu.

DESCRIPTION

*NEW UPDATED NOI* $322,196 (only owner expense is RPT and is self-managed). 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 business-zoned plot 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.

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