Wharf Cinema Center

  • Transaction Type:for sale
  • Property Size:55,460 SF
  • Loopnet:
  • Property Type:Shopping Center
  • Land Size:1 Acres
  • Factsheet

Address

658 Front Street Lahaina, HI 96761

Price$ 5,800,000 /USD

leasehold
  • Property ID: 5d3655410b4d240004d5b578

Description

Cushman & Wakefield ChaneyBrooks is pleased to offer a unique opportunity to acquire the leasehold interest in the Wharf Cinema Center, located at 658 Front Street, Lahaina, Maui, Hawaii (the “Property” or “Center”). The 55,460 square-foot Center spans over 3 levels and is surrounded by an open, landscaped multi-tenant complex with a 147-stall open parking lot situated behind the project on Luakini Street. The Property benefits from excellent street visibility with 161 feet of frontage along the well-known Front Street and high pedestrian traffic from both locals and visitors. The 3-story Center contains two floors of retail shops and a 3-theatre, 462-seat, multi-plex, Wharf Cinema, on the third floor. Currently, 74.6% occupied, the Center's tenant mix is a collection of retail stores primarily geared toward the visitor, including gift shops, jewelry stores, clothing shops, as well as food vendors ranging from ice cream and sandwich shops to casual eateries and fine dining. The Wharf Cinema Center includes one of only three operating theaters on Maui and the only one in Lahaina and West Maui. The theatre shows first-run movies, which attract visitors and residents alike. In addition, a full-service air-conditioned Conference Room can be rented out daily. The room can accommodate up to 75 people and is equipped with a television set, projector screen, microphone, podium, chairs, and tables. The levels can be accessed by stairways and a glass elevator at the central courtyard. There is also an escalator connecting the Wharf and Theater levels. The Wharf Cinema Center serves as the primary connecting bus stop for the Maui Transit Bus which transports passengers between West Maui and the “other side of the island" – Ma`alaea, Central Maui, South Maui and beyond. The Center participates in several events throughout the year that attract both tourists and residents. Events include Chinese New Year, Lighting of the Banyan Tree, 144-year old Banyan Tree Birthday, a Halloween Ghoulish Gala Costume Karaoke Contest, Fourth of July, commentary for the grand Na Kamehameha Pa’u Parade and Ho’olaule’a, Classic Car Shows, plus live Hawaiian music on Fridays, “FRIDAY NIGHT IS ART NIGHT”, Lahaina Town Party, Ocean Arts Festival.

Details

  • www.WharfCinemaCenter.com
  • High pedestrian & vehicle traffic with excellent visibility benefiting from 161 feet of street frontage along Front Street and 206 feet along Luakini Street
  • Prime location at a second most popular tourist destination on the island
  • Various opportunities to increase revenue
  • Home to 1 of only 3 movie theatres on the island and the sole theatre in Lahaina and West Maui
  • Unlike many competing properties in Lahaina, Wharf Cinema Center has on-site parking with 147 stalls and is in close proximity to public parking
  • Potential competition is limited due to a lack of available land on Front Street
  • The Center is enjoyed by both visitors and locals
Joseph T. Haas

Joseph T. Haas

Managing Director
  • jhaas@chaneybrooks.com
  • +1 (808) 544-1886
Andrew Starn

Andrew Starn

Senior Vice President
  • astarn@chaneybrooks.com
  • +1 (808) 544-1888

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

We’ll connect you with the best team we have to move your vision forward.

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Since 1960, Cushman & Wakefield ChaneyBrooks has been the leading commercial real estate organization serving the entire Pacific Market.

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Contact Information

1440 Kapiolani Blvd., Suite 1010
Honolulu, HI 96814
Phone: +1 808-544-1600
Fax: +1 808-544-9574
Email: contactus@chaneybrooks.com