4525 AKIA RD, #3, KAPAA, HI 96746

$770,000(fs)

Property Details

• Pool: Yes
• Road Type: Paved
• Project: OCEANSIDE CENTER
• District: Kawaihau
• Zoning Code: C-G
• Taxkey (TMK): 4450050040003
• Acceptable Terms: 1031 Exchange, Cash, Conventional
• Land Tenure: Fee Simple
• Annual Property Taxes: $5,374
• Utilities: Electricity Available, Sewer Connected,

his offering consists of a 1,925 SF commercial/industrial condominium unit with 7 deeded parking stalls, within the 12-unit Oceanside Center at 4525 Akia Road, Kapaa, Kauai. The project underwent an extensive renovation and condo conversion in 2019. Units 1 through 10 are currently available for purchase and may be acquired individually or in combination, offering flexibility for owner-users and investors seeking a larger footprint. IDEAL INVESTMENT OPPORTUNITY - Oceanside Center is currently 80% leased, providing an excellent opportunity for both owner-users and investors to purchase these fee simple units. EXPANSION POTENTIAL - It may be possible to add additional floor area by constructing mezzanines in the units. PARKING STALLS - Each unit comes with 7 deeded parking stalls. OVERSIZED ROLL-UP DOORS - Each unit is equipped with an electric 12’x14’ grade level door (Unit 1 has a 10’x10’ grade level door) and a walk-in consumer door. The walkway fronting the building allows drive-in access. ROOF - The roof was painted with a GE silicone roofing material which comes with a 20-year labor and material warranty. FIRE SUPPRESSION SYSTEM - Each unit is equipped with 3 state-of-the-art fire detectors connected to a central alarm monitoring company. UTILITY CHECK METERING - The units are separately check-metered for electrical and water. DEMISING WALLS - The units are constructed with floor to ceiling sound insulated steel studded demising walls. EXTERIOR PAINT - The exterior of the building was recently painted. PLANS DRAWN FOR RESTROOMS - The owner has prepared Plans for ADA compliant restrooms for each unit. SECURE PARKING LOT - The elevated parking lot was recently paved. The perimeter of the lot is secured with a fence and gates. PRIME LOCATION - Conveniently located in Kapaa with easy access to the main highway and readily accessible to Lihue and the North Shore of Kauai.