44-740 Kaheohe Bay Dr

  • Transaction Type:for sale
  • Property Size:1,475 SF
  • Loopnet:
  • Property Type:Retail
  • Land Size:10,001 SF
  • Factsheet

Address

44-740 Kaneohe Bay Drive Kaneohe, Hawaii 96744

Price$ 2,800,000 /USD

fee simple
  • Property ID: 5c017777ecf1470004870990

Description

The property presents an excellent redevelopment opportunity along the major thoroughfare, Kaneohe Bay Drive, with over 20,500 cars passing by the property daily. The 10,001 SF fee simple site is currently occupied by a 1,475 SF convenience store which lease expires in 2019. The in-place lease would enable the buyer or new tenant to draft plans and submit for building permits if necessary for their use while offsetting ownership costs with rental revenue from the existing tenant occupying the building. This offering is ideal for both investors, developers and owner-users. Businesses in the area have limited options as the area is mostly zoned for residential use. The seller has successfully up-zoned the property as the only B-1, neighborhood business district zoned property along Kaneohe Bay Drive, which has significantly expanded the types of uses permitted on-site.

Details

Investment Highlights

  • Fee Simple Opportunity
  • Upside Potential
  • Prime Retail/Office Redevelopment Opportunity
    • Potential to Accommodate a 3.5-story Building
  • Significant Barriers to Entry
    • Only B-1 Zoned Available Parcel on Kaneohe Bay Drive
    • Lack of New Commercial Development
  • Well-Located Asset on Highly Traveled Road
  • Fully-Leased Investment Property
    • Single Tenant NNN Lease
    • Easy to Manage
  • Ample Parking
  • Corner Location with Excellent Visibility and Easy Access

 

For Property website, please visit: Website: http://CushmanWakefieldChaneyBrooks.listinglab.com/44740KaneoheBayDr

William  "Pete" Alpeter

William "Pete" Alpeter

Vice President
  • palpeter@chaneybrooks.com
  • +1 (808) 544-9575

Contact us at contactus@chaneybrooks.com or give us a call +1 808-544-1600

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Phone: +1 808-544-1600
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Email: contactus@chaneybrooks.com