Maui Office Building & Development Opportunity

By July 29, 2016 Sold No Comments

2020 & 2050 Main Street Wailuku, Maui, HI


As exclusive advisor, Kokua Realty is pleased to offer the opportunity to acquire Main Street Promenade, a 27,888 square-foot office building office building with panoramic ocean view and a 7,734 square-foot retail building located in the heart of Wailuku, Maui, Hawaii. The property is offered at a significant discount to replacement value.


Property Highlights

Located in the heart of downtown Wailuku is Main Street Promenade.  It has exceptional building identity and access.  It is currently priced at a significant discount to Replacement Cost.  The property has a Value-Add Potential from building expansion and Lease-Up of 10,00 SF.  The Owner has conceptual drawings to develop and 8-story building offering 53 condo units (5 retail plus 48 residential) for sale.

Property Summary

Main Street Promenade is a fee simple property selling for $5,950,000. Both buildings for sale have a combined total occupancy of 80%. The Gross Land Area is 35,041 Square Feet. The year 1 NOI is $350,000. There are 17 parking spaces and the buildings were built in 2000.


Keoni Fursse, CCIM, R(PB)
HI License RB-16700
808.270.9111 /

Kara Heen R(S)
HI License RS-75141
808.270.9116 /

Main Street Promenade Marketing Brochure

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