4585 KUKUI ST, KAPAA, HI 96746

$3,600,000
14
BD
14
BA
7,408
SqFt
List Price
$3,600,000
Days on Market
11
MLS#
661282
Status
CONTINGENT
Type
Commercial
Bedrooms
14
Bathrooms
14
Living Area
7,408
Land Tenure
Leasehold
Neighborhood
Kapaa Town Lots

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.

Additional Information

Solid Waste Disposal Trash
Private Contractor
Roads
County, Paved
Parking
Unassigned
Taxes Annual
$23039
Appliances
Convection Oven, Microwave, Refrigerator
Lot Number
8-A
Zoning
SPA-A
Design
Double Wall
Lot Size
18,557
Lot Description Land
Inside
Security
None
Water
Municipal, Meter Installed
Power
Overhead
Frontage
Road/Street
Heating Cooling
None
Sewer
Sewer-Connected
Assessed Value
2989200
Topography
Level
Floor Covering
Laminate, Other (remarks)
Washer Dryer
Coin, Dryer, Washer
District
Kawaihau
Year Built
1989

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of eXp Realty.

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