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SOLD
MLS: 645699
 
Asking Price: $1,380,000 Fee Simple
Sold Price: $1,205,000
Sold Date: 05/24/2021
Type: Commercial
District: South Kohala
Street: 64-957 Mamalahoa Hwy
Neighborhood: Puukapu Homesteads
Full / 2 Half
Living Area: 4,416 SF
Land Area: 1.11 Acres
Parking: Other (remarks)
Amenities: ADA Accessible
Days on Market: 510
Year Built: 1959
Easements: Drainage
Zoning: CN-10
Roads: County
Land Recorded: Land Court
Property Taxes: $9,282
Assessed Value: $867,500
Assessed Ratio: 159.08%
Listing Courtesy: Compass
Terms Acceptable: 1031 Exchange,Cash,Other (remarks)
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Waimea landmark property with diverse tenancy

This listing is for the sale of real property only and does not include any of the businesses that are tenants at the subject property.

With 1.1 acres of land, this vibrant center includes a diverse tenancy of retail services and a very well established restaurant (The Fish and the Hog). Located on the main highway and zoned Neighborhood Commercial - which allows for a variety of permitted uses - the exposure is excellent. This location is ideal for retail and with expansion possible it can only get better.

Waimea is a compact high-density area for retail shopping, professional and administrative activities and housing. Considered an excellent place to live and work, this area promises solid growth for the coming years.

The building is a single story, conventional frame construction on post and pier consisting of more than 4,400 of rent-able square feet. There is also a courtyard deck in the center that is currently not being utilized. All of the 7 retail spaces are currently leased and more than half of the tenants have 10 years of tenancy. This property has 2 separate septic systems and a county maintained drainage easement on the property. The driveway and parking area was repaved at the end of 2020.


 
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