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Vacant-User

Oahu Mixed-Use Property | Ideal Owner/User | 80% Occupied | High Traffic Highway

70 S Kamehameha Hwy, Wahiawa, HI 96786

Listing Price: $2,300,000

Cap Rate
6.31%
Gross SF
5,891
Rentable SF
5,891
Price/Gross SF
$390.43
Lot Size
0.26 acres
Year Built
1967

Investment Overview

Central Wahiawa Commercial Location
Located along South Kamehameha Highway, the property benefits from direct frontage on Wahiawa’s primary commercial corridor serving Central O’ahu. Wahiawa functions as a key connector between Honolulu, the North Shore, and nearby military installations, capturing consistent daily traffic from residents, commuters, and service-oriented users. The site’s visibility and accessibility support ongoing retail and service demand.

Neighborhood-Serving Retail Corridor
The property sits within Wahiawa’s established retail and service strip, characterized by locally focused businesses, essential services, and longstanding community operators. This corridor supports necessity-based retail and service uses that rely on repeat local traffic rather than destination shopping, reinforcing the property’s role as a functional neighborhood commercial location.

Stable Local Trade Area
Wahiawa is supported by a stable residential population with long-term occupancy and consistent demand for everyday goods and services. The surrounding trade area benefits from limited retail alternatives, encouraging reliance on nearby commercial offerings. These dynamics create a dependable customer base for value-oriented retail and service tenants.

Military & Public-Sector Employment Influence
Proximity to major military installations, including Schofield Barracks and Wheeler Army Airfield, provides a steady employment base and daily population flow into the surrounding area. Combined with education, healthcare, and public-sector employment, these drivers contribute to consistent weekday and weekend activity along the corridor.

Value-Add Retail Opportunity
The property presents an opportunity to reposition, re-tenant, or improve an existing retail structure in a supply-constrained Central O’ahu market. With limited new commercial development and high replacement costs, well-located assets along Kamehameha Highway offer investors the ability to enhance income through leasing, light renovation, or operational improvements.

Supply-Constrained Hawaiian Retail Market
Central O’ahu remains a highly supply-constrained retail market, where zoning limitations, entitlement hurdles, and elevated construction costs restrict new development. Investors benefit from owning infill commercial real estate with underlying land value and long-term relevance, even for secondary-quality improvements.

Investment Highlights

  • Central Wahiawa Commercial Location
  • Neighborhood-Serving Retail Corridor
  • Stable Local Trade Area
  • Military & Public-Sector Employment Influence
  • Value-Add Retail Opportunity
  • Supply-Constrained Hawaiian Retail Market

Exclusively Listed By

Broker of Record

  • Adam Attia

    Senior Director Investments

    (949) 419-3290

    License(s) HI: RB-22546

    Hawaii

Vacant-User

Oahu Mixed-Use Property | Ideal Owner/User | 80% Occupied | High Traffic Highway

Listing Price: $2,300,000

Cap Rate
6.31%
Gross SF
5,891
Rentable SF
5,891
Price/Gross SF
$390.43
Lot Size
0.26 acres
Year Built
1967

Investment Highlights

  • Central Wahiawa Commercial Location
  • Neighborhood-Serving Retail Corridor
  • Stable Local Trade Area
  • Military & Public-Sector Employment Influence
  • Value-Add Retail Opportunity
  • Supply-Constrained Hawaiian Retail Market

Investment Overview

Central Wahiawa Commercial Location Located along South Kamehameha Highway, the property benefits from direct frontage on Wahiawa’s primary commercial corridor serving Central O’ahu. Wahiawa functions as a key connector between Honolulu, the North Shore, and nearby military installations, capturing consistent daily traffic from residents, commuters, and service-oriented users. The site’s visibility and accessibility support ongoing retail and service demand. Neighborhood-Serving Retail Corridor The property sits within Wahiawa’s established retail and service strip, characterized by locally focused businesses, essential services, and longstanding community operators. This corridor supports necessity-based retail and service uses that rely on repeat local traffic rather than destination shopping, reinforcing the property’s role as a functional neighborhood commercial location. Stable Local Trade Area Wahiawa is supported by a stable residential population with long-term occupancy and consistent demand for everyday goods and services. The surrounding trade area benefits from limited retail alternatives, encouraging reliance on nearby commercial offerings. These dynamics create a dependable customer base for value-oriented retail and service tenants. Military & Public-Sector Employment Influence Proximity to major military installations, including Schofield Barracks and Wheeler Army Airfield, provides a steady employment base and daily population flow into the surrounding area. Combined with education, healthcare, and public-sector employment, these drivers contribute to consistent weekday and weekend activity along the corridor. Value-Add Retail Opportunity The property presents an opportunity to reposition, re-tenant, or improve an existing retail structure in a supply-constrained Central O’ahu market. With limited new commercial development and high replacement costs, well-located assets along Kamehameha Highway offer investors the ability to enhance income through leasing, light renovation, or operational improvements. Supply-Constrained Hawaiian Retail Market Central O’ahu remains a highly supply-constrained retail market, where zoning limitations, entitlement hurdles, and elevated construction costs restrict new development. Investors benefit from owning infill commercial real estate with underlying land value and long-term relevance, even for secondary-quality improvements.

Exclusively Listed By

Broker of Record

  • Adam Attia

    Senior Director Investments

    (949) 419-3290

    License(s): HI: RB-22546

    Hawaii

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