Fee Simple Retail Investment For Sale - Haleiwa Plantation Shops

Haleiwa Plantation Shops is located in one of O‘ahu’s most supply-constrained commercial districts.  It pairs irreplaceable Kamehameha Highway frontage with 3 prominent retail buildings, totaling 3,076 square feet, situated on a 16,993-square-foot lot with notable tenants, including the new location for Sunrise Shack, a multi-unit/multi-state operation offering healthy food products inspired by surf culture and healthy food items and merchandise. The renovated plantation-era buildings contain a private 26-stall parking lot in the back of the buildings.

Rare Special Use Permit Allowed

RECONSTRUCTION: Pursuant to the conditional use permit and due to the historical listing of the property, this allows a full rebuild within the B-1 zoning classification in case of any type or kind of loss.  Meaning owners are not required to comply with certain updates in zoning code(s).  For example, the buildings can be rebuilt back to the existing street setback without the requirement to rebuild to new setback requirements or certain other building codes. 

ADDITIONAL SIGNAGE: The City/County of Honolulu provided HPS with a 15% signage bonus on sign size, additional building identification signage, allowed for off-premise signage for the rear tenant, and double signage for the end cap tenant space.

FLEXIBLE USAGE: The conditional use permit allows for full operational flexibility for B-1 zoning uses, such as food, service retail, and destination retail, including live-work uses.

INTENTFUL DESIGN: Designed and rebuilt above the federal flood map.  This creates minimal flood impact on the property.  As a result of being rebuilt above the flood map, flood insurance is optional; only the standard conventional insurance requirements need to be met.

EXCEPTIONAL PARKING: Overparked with 26 stalls, versus the seven-stall requirement.  Parking ratio is approximately 8.5 stalls per 1,000 SF.

PHENOMENAL HIGHWAY VISIBILITY: Direct frontage on Kamehameha Highway with a city bus stop at the center.

LOW REAL ESTATE TAXES: Due to its historical nature and special zoning enhancements, the assessed value is extremely low.