Mixed Use|Retail

1203 Whitmore Avenue

Price

$3,950,000

Locations
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Overview

Status
Type

Mixed Use|Retail

Purchase Type:

Fee Simple

Year Built

1952; 1968 Effective

Area

11704.0 sq ft

Lot size

0.922084481 acres

Zoning

B-2

Fact Sheet

Description

INVESTMENT OR OWNER-USER OPPORTUNITY – This offering is ideal for either an investor to collect the current income stream with upside potential, or an owner-user to expand as current leases expire or by adding additional leasable area.

DEVELOPMENT OPPORTUNITY – Additional income may be generated by developing the eastern side of the property, currently occupied by the towing company.

ONLY GAS STATION IN THE AREA – Aloha Gas is the only gas station serving the Whitmore community.

DIVERSE TENANT MIX TO SERVE THE COMMUNITY – Tenants include Aloha Gas, Whitmore Market, Merlina’s Kitchen, Praise Chapel Church, and a towing company. In addition, there are two 3-BD/1-BA and one studio/1-BA residential units on site.

UPSIDE POTENTIAL – There is potential to subdivide the 40,166 SF parcel and sell off the portion currently occupied by the towing company.

SUPPLY CONSTRAINED SUBMARKET – Exceptional opportunity to acquire one of the only properties zoned B-2, designated for Community Business, in Whitmore Village.

NEARBY MILITARY AND GOVERNMENT FACILITIES – Located within a 10-minute drive from key military installations such as Schofield Barracks, Wheeler Army Airfield, NCTAMS PAC, and NSA Hawaii.

LOCATION – Conveniently located in the heart of Whitmore Village, between Wahiawa Town and Oahu’s North Shore. The site is adjacent to Whitmore Community Center and directly opposite Whitmore Community Park.

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