158 N Market St - Wailuku
$795,000 Fee Simple
MLS:
388349
Status:
ACTIVE
Days on Market:
181 (Jul 25, 2020)
Type:
Vacant Land
Land Area:
6,490 SF
View:
Other
THIS LAND SALE INCLUDES THE ADJACENT LAND PARCEL AT 1987 Olu Drive consisting of 2816 square feet / .065 acres. THE POSSIBILITIES ARE ENDLESS. MEET WITH OUR LAND PLANNER AND LANDSCAPE ARCHITECT TO DISCUSS THESE GREAT POTENTIALS. This parcel is rare because it offers rear access through the alley which allows on-site parking. There is street parking on adjacent streets as well. Between 1 and 2 blocks is public off street parking on both sides of the street. Commercial or multi-family use, on the most prestigious street in downtown Wailuku. Right in the heart of the county redevelopment zone. Be inspired by attending a Waiuku Community Meeting which is one example of the tight knit flavor of the local environment. Gather with people you never met before at the quaint coffee shops. Browse through the quaint shops with items of yesteryear you will remember and sold at sensible prices. This property is in the rapidly growing central part of Maui. It is close to federal, state and county buildings, schools, shopping, services, church, hospital, doctors, groceries and eating establishments. The old and well known historic IAO Theatre is here. Create your business opportunity in this revived community which attracts an array of visitors. ALL DIMENSIONS ARE APPROXIMATE Tax Information: Assessment: 2018: Land: $289,000 Monthly Taxes: 175.17 _____________________________________________________________ CHARM AND ROMANCE COME ALIVE WITH THE 4 STORY ZONING POTENTIALS. ENJOY THE SCENIC VIEW FROM THE POTENTIAL 3RD AND 4TH FLOOR PENTHOUSE WITH A SPIRAL STAIRCASE. IDEAL FOR A LIVE/WORK OCCUPANCY BY A PROFESSIONAL AND OFFICE AND RETAIL SPACE BELOW. ZONING INFORMATION MADE SIMPLE: 1. Both properties do not have "B" or "R" Designations. They are considered as "Business-Multi-family. You may verify zoning at the zoning department at (808)270-7253. You might also contact zoning at (808)270-7180. The zoning has been changed in 2018. 2. On the 158 Market Street property, the setback requirements are as follows: 1 to 2 stories No setback requirements 3 stories 10 feet 4 stories 20 feet 3. On 1987 Olu Drive, the setback requirements are: 1 to 2 stories 6 feet 3 stories 10 feet 4 stories 20 feet Parking may be on the first floor level and parking in the back may remain. Contact listing agent for potential building and land use possibilities CAPITALIZE ON THE WAILUKU REDEVELOPMENT AREA, PROJECT POTENTIALS: It should be a strong, economic driver for the area. 1. A 438 stall parking structure at $.50 per hour or a $25 a month permit. 2. 7,510 square foot festival plaza and 5,500 square foot covered lanai. 3. Community gathering space designed for outdoor dining, performances, food trucks and a relaxed atmosphere. 4. Consideration in raising $435,000 in leases, rentals and saved rent from the county offices. 5. Considering raising Wailuku Town's current four-story height to a six-story height limit. 6. Three blocks of upgraded water and sewer lines, new storm drains, underground power and utilities, and new sidewalks and road surface at an expense of $9.7 million. 7. A ground-level plaza space designed for community festivals and cultural celebrations, and rentable for public events. 8. 1,000 square feet on the ground floor interior for cultural and historic exhibit space. 9. A third-floor rentable community pavilion designed for events for local families and organizaltions. It has a 2,500 square foot open air event deck. 10. A high tech, 150-seat public hearing room and space for community groups in the evening. 11. Ground floor retail space. 12. County of Maui office space.
Area Information - Locate services near this property
Area Real Estate Stats: Vacant Land - Wailuku - Latest Stats: December 01, 2020
Latest Month
UnitsVolumeMedian
3$1,557,000$587,000
Previous Month
UnitsVolumeMedian
2$790,000$395,000
Year Ago Month
UnitsVolumeMedian
1$265,000$265,000
2020 Stats
 UnitsVolumeMedianAverage
jan0$0$0$0
feb2$399,000$199,500$199,500
mar2$620,000$310,000$310,000
apr2$965,500$482,750$482,750
may0$0$0$0
jun0$0$0$0
jul2$610,000$305,000$305,000
aug2$1,225,000$612,500$612,500
sep3$1,621,500$553,500$540,500
oct4$2,148,000$529,000$537,000
nov2$790,000$395,000$395,000
dec3$1,557,000$587,000$519,000
Median
Average
jan(0)
feb(2)
mar(2)
apr(2)
may(0)
jun(0)
jul(2)
aug(2)
sep(3)
oct(4)
nov(2)
dec(3)
Volume

jan(0)

feb(2)

mar(2)

apr(2)

may(0)

jun(0)

jul(2)

aug(2)

sep(3)

oct(4)

nov(2)

dec(3)
2019 Stats
 UnitsVolumeMedianAverage
jan1$220,000$220,000$220,000
feb1$285,000$285,000$285,000
mar2$703,330$351,665$351,665
apr0$0$0$0
may3$1,283,000$375,000$427,667
jun0$0$0$0
jul4$2,485,000$482,500$621,250
aug4$2,310,000$575,000$577,500
sep2$1,065,000$532,500$532,500
oct2$1,015,000$507,500$507,500
nov0$0$0$0
dec1$265,000$265,000$265,000
Median
Average
jan(1)
feb(1)
mar(2)
apr(0)
may(3)
jun(0)
jul(4)
aug(4)
sep(2)
oct(2)
nov(0)
dec(1)
Volume

jan(1)

feb(1)

mar(2)

apr(0)

may(3)

jun(0)

jul(4)

aug(4)

sep(2)

oct(2)

nov(0)

dec(1)
2018 Stats
 UnitsVolumeMedianAverage
jan1$500,000$500,000$500,000
feb3$1,047,500$307,500$349,167
mar1$290,000$290,000$290,000
apr3$1,465,000$425,000$488,333
may0$0$0$0
jun1$303,975$303,975$303,975
jul6$2,282,850$277,500$380,475
aug2$615,000$307,500$307,500
sep1$310,000$310,000$310,000
oct0$0$0$0
nov0$0$0$0
dec1$385,000$385,000$385,000
Median
Average
jan(1)
feb(3)
mar(1)
apr(3)
may(0)
jun(1)
jul(6)
aug(2)
sep(1)
oct(0)
nov(0)
dec(1)
Volume

jan(1)

feb(3)

mar(1)

apr(3)

may(0)

jun(1)

jul(6)

aug(2)

sep(1)

oct(0)

nov(0)

dec(1)
2017 Stats
 UnitsVolumeMedianAverage
jan3$649,800$233,000$216,600
feb1$250,000$250,000$250,000
mar4$1,739,500$348,500$434,875
apr4$1,340,000$322,500$335,000
may0$0$0$0
jun4$1,709,275$436,250$427,319
jul2$585,000$292,500$292,500
aug2$1,412,999$706,499$706,500
sep2$319,000$159,500$159,500
oct4$1,518,000$374,000$379,500
nov2$1,033,000$516,500$516,500
dec0$0$0$0
Median
Average
jan(3)
feb(1)
mar(4)
apr(4)
may(0)
jun(4)
jul(2)
aug(2)
sep(2)
oct(4)
nov(2)
dec(0)
Volume

jan(3)

feb(1)

mar(4)

apr(4)

may(0)

jun(4)

jul(2)

aug(2)

sep(2)

oct(4)

nov(2)

dec(0)
2016 Stats - (Prior to 2017 Kahului and Wailuku are combined.)
 UnitsVolumeMedianAverage
jan1$245,000$245,000$245,000
feb0$0$0$0
mar2$623,500$311,750$311,750
apr0$0$0$0
may1$230,000$230,000$230,000
jun1$330,000$330,000$330,000
jul2$730,000$365,000$365,000
aug3$843,000$285,000$281,000
sep2$520,000$260,000$260,000
oct3$1,075,000$330,000$358,333
nov0$0$0$0
dec4$2,104,000$542,500$526,000
Median
Average
jan(1)
feb(0)
mar(2)
apr(0)
may(1)
jun(1)
jul(2)
aug(3)
sep(2)
oct(3)
nov(0)
dec(4)
Volume

jan(1)

feb(0)

mar(2)

apr(0)

may(1)

jun(1)

jul(2)

aug(3)

sep(2)

oct(3)

nov(0)

dec(4)
2015 Stats - (Prior to 2017 Kahului and Wailuku are combined.)
 UnitsVolumeMedianAverage
jan4$1,774,450$415,000$443,613
feb1$256,000$256,000$256,000
mar0$0$0$0
apr4$2,183,291$607,500$545,823
may0$0$0$0
jun4$2,500,000$280,000$625,000
jul1$150,000$150,000$150,000
aug0$0$0$0
sep1$50,000$50,000$50,000
oct1$210,000$210,000$210,000
nov2$540,000$270,000$270,000
dec7$3,118,000$220,000$445,429
Median
Average
jan(4)
feb(1)
mar(0)
apr(4)
may(0)
jun(4)
jul(1)
aug(0)
sep(1)
oct(1)
nov(2)
dec(7)
Volume

jan(4)

feb(1)

mar(0)

apr(4)

may(0)

jun(4)

jul(1)

aug(0)

sep(1)

oct(1)

nov(2)

dec(7)
2014 Stats - (Prior to 2017 Kahului and Wailuku are combined.)
 UnitsVolumeMedianAverage
jan2$490,000$245,000$245,000
feb1$280,000$280,000$280,000
mar1$500,000$500,000$500,000
apr1$193,000$193,000$193,000
may3$1,423,500$218,000$474,500
jun3$1,385,500$541,000$461,833
jul1$465,000$465,000$465,000
aug3$836,000$276,000$278,667
sep4$902,500$205,000$225,625
oct3$977,305$267,500$325,768
nov3$1,073,000$411,000$357,667
dec1$350,000$350,000$350,000
Median
Average
jan(2)
feb(1)
mar(1)
apr(1)
may(3)
jun(3)
jul(1)
aug(3)
sep(4)
oct(3)
nov(3)
dec(1)
Volume

jan(2)

feb(1)

mar(1)

apr(1)

may(3)

jun(3)

jul(1)

aug(3)

sep(4)

oct(3)

nov(3)

dec(1)
2013 Stats - (Prior to 2017 Kahului and Wailuku are combined.)
 UnitsVolumeMedianAverage
jan0$0$0$0
feb0$0$0$0
mar3$1,901,385$395,000$633,795
apr2$445,000$222,500$222,500
may2$447,750$223,875$223,875
jun4$1,500,000$360,000$375,000
jul0$0$0$0
aug4$765,000$189,500$191,250
sep4$930,000$222,500$232,500
oct7$1,510,000$200,000$215,714
nov8$5,273,870$697,455$659,234
dec2$3,950,000$1,975,000$1,975,000
Median
Average
jan(0)
feb(0)
mar(3)
apr(2)
may(2)
jun(4)
jul(0)
aug(4)
sep(4)
oct(7)
nov(8)
dec(2)
Volume

jan(0)

feb(0)

mar(3)

apr(2)

may(2)

jun(4)

jul(0)

aug(4)

sep(4)

oct(7)

nov(8)

dec(2)
2012 Stats - (Prior to 2017 Kahului and Wailuku are combined.)
 UnitsVolumeMedianAverage
jan2$320,000$160,000$160,000
feb2$585,000$292,500$292,500
mar7$2,618,000$400,000$374,000
apr1$6,100$6,100$6,100
may5$965,000$160,000$193,000
jun2$264,517$132,259$132,259
jul4$6,568,200$285,000$1,642,050
aug6$1,184,000$138,413$197,333
sep2$437,500$218,750$218,750
oct2$385,000$192,500$192,500
nov6$1,453,000$159,250$242,167
dec7$1,147,500$165,000$163,929
Median
Average
jan(2)
feb(2)
mar(7)
apr(1)
may(5)
jun(2)
jul(4)
aug(6)
sep(2)
oct(2)
nov(6)
dec(7)
Volume

jan(2)

feb(2)

mar(7)

apr(1)

may(5)

jun(2)

jul(4)

aug(6)

sep(2)

oct(2)

nov(6)

dec(7)
2011 Stats - (Prior to 2017 Kahului and Wailuku are combined.)
 UnitsVolumeMedianAverage
jan3$1,495,000$670,498$498,333
feb2$1,370,200$685,100$685,100
mar0$0$0$0
apr0$0$0$0
may2$270,000$135,000$135,000
jun2$264,000$132,000$132,000
jul3$1,068,400$125,000$356,133
aug5$536,000$125,000$107,200
sep5$1,152,724$250,000$230,545
oct2$850,000$425,000$425,000
nov1$270,000$270,000$270,000
dec1$375,000$375,000$375,000
Median
Average
jan(3)
feb(2)
mar(0)
apr(0)
may(2)
jun(2)
jul(3)
aug(5)
sep(5)
oct(2)
nov(1)
dec(1)
Volume

jan(3)

feb(2)

mar(0)

apr(0)

may(2)

jun(2)

jul(3)

aug(5)

sep(5)

oct(2)

nov(1)

dec(1)
2010 Stats - (Prior to 2017 Kahului and Wailuku are combined.)
 UnitsVolumeMedianAverage
jan2$290,000$145,000$145,000
feb2$385,000$192,500$192,500
mar0$0$0$0
apr2$382,500$191,250$191,250
may4$2,440,000$480,000$610,000
jun0$0$0$0
jul3$536,500$199,000$178,833
aug2$435,000$217,500$217,500
sep0$0$0$0
oct0$0$0$0
nov2$1,005,000$502,500$502,500
dec3$1,279,940$215,000$426,647
Median
Average
jan(2)
feb(2)
mar(0)
apr(2)
may(4)
jun(0)
jul(3)
aug(2)
sep(0)
oct(0)
nov(2)
dec(3)
Volume

jan(2)

feb(2)

mar(0)

apr(2)

may(4)

jun(0)

jul(3)

aug(2)

sep(0)

oct(0)

nov(2)

dec(3)
2009 Stats - (Prior to 2017 Kahului and Wailuku are combined.)
 UnitsVolumeMedianAverage
jan0$0$0$0
feb0$0$0$0
mar0$0$0$0
apr2$1,325,000$662,500$662,500
may2$740,000$370,000$370,000
jun1$212,500$212,500$212,500
jul3$755,000$250,000$251,667
aug1$195,000$195,000$195,000
sep1$176,000$176,000$176,000
oct0$0$0$0
nov9$6,936,270$600,000$770,697
dec2$300,000$150,000$150,000
Median
Average
jan(0)
feb(0)
mar(0)
apr(2)
may(2)
jun(1)
jul(3)
aug(1)
sep(1)
oct(0)
nov(9)
dec(2)
Volume

jan(0)

feb(0)

mar(0)

apr(2)

may(2)

jun(1)

jul(3)

aug(1)

sep(1)

oct(0)

nov(9)

dec(2)
2008 Stats - (Prior to 2017 Kahului and Wailuku are combined.)
 UnitsVolumeMedianAverage
jan0$0$0$0
feb0$0$0$0
mar1$320,000$320,000$320,000
apr1$225,000$225,000$225,000
may2$625,000$312,500$312,500
jun2$1,110,000$555,000$555,000
jul2$3,239,000$1,619,500$1,619,500
aug1$425,010$425,010$425,010
sep2$200,000$100,000$100,000
oct2$465,000$232,500$232,500
nov2$944,280$472,140$472,140
dec1$279,000$279,000$279,000
Median
Average
jan(0)
feb(0)
mar(1)
apr(1)
may(2)
jun(2)
jul(2)
aug(1)
sep(2)
oct(2)
nov(2)
dec(1)
Volume

jan(0)

feb(0)

mar(1)

apr(1)

may(2)

jun(2)

jul(2)

aug(1)

sep(2)

oct(2)

nov(2)

dec(1)
2007 Stats - (Prior to 2017 Kahului and Wailuku are combined.)
 UnitsVolumeMedianAverage
jan4$3,069,000$383,000$767,250
feb22$7,716,760$321,750$350,762
mar5$2,348,980$450,000$469,796
apr5$2,047,375$349,875$409,475
may10$5,194,275$382,750$519,428
jun4$1,209,500$295,750$302,375
jul6$2,734,500$496,250$455,750
aug3$1,532,000$585,000$510,667
sep0$0$0$0
oct1$310,000$310,000$310,000
nov4$1,720,000$380,000$430,000
dec3$1,477,000$552,000$492,333
Median
Average
jan(4)
feb(22)
mar(5)
apr(5)
may(10)
jun(4)
jul(6)
aug(3)
sep(0)
oct(1)
nov(4)
dec(3)
Volume

jan(4)

feb(22)

mar(5)

apr(5)

may(10)

jun(4)

jul(6)

aug(3)

sep(0)

oct(1)

nov(4)

dec(3)
2006 Stats - (Prior to 2017 Kahului and Wailuku are combined.)
 UnitsVolumeMedianAverage
jan13$4,943,670$340,424$380,282
feb3$2,135,000$750,000$711,667
mar5$2,083,000$349,000$416,600
apr1$635,000$635,000$635,000
may2$1,270,000$635,000$635,000
jun3$950,000$325,000$316,667
jul6$3,490,000$552,500$581,667
aug4$1,660,000$467,500$415,000
sep0$0$0$0
oct6$3,247,150$573,575$541,192
nov2$859,999$430,000$430,000
dec4$3,186,668$690,834$796,667
Median
Average
jan(13)
feb(3)
mar(5)
apr(1)
may(2)
jun(3)
jul(6)
aug(4)
sep(0)
oct(6)
nov(2)
dec(4)
Volume

jan(13)

feb(3)

mar(5)

apr(1)

may(2)

jun(3)

jul(6)

aug(4)

sep(0)

oct(6)

nov(2)

dec(4)
2005 Stats - (Prior to 2017 Kahului and Wailuku are combined.)
 UnitsVolumeMedianAverage
jan2$965,000$482,500$482,500
feb1$375,000$375,000$375,000
mar6$1,570,000$277,500$261,667
apr4$1,970,000$472,500$492,500
may3$1,954,000$579,000$651,333
jun4$2,310,000$575,000$577,500
jul6$3,369,000$605,000$561,500
aug6$3,860,000$647,500$643,333
sep35$13,911,761$359,000$397,479
oct24$9,639,253$374,000$401,636
nov27$10,833,271$369,599$401,232
dec15$6,229,093$389,000$415,273
Median
Average
jan(2)
feb(1)
mar(6)
apr(4)
may(3)
jun(4)
jul(6)
aug(6)
sep(35)
oct(24)
nov(27)
dec(15)
Volume

jan(2)

feb(1)

mar(6)

apr(4)

may(3)

jun(4)

jul(6)

aug(6)

sep(35)

oct(24)

nov(27)

dec(15)
This property is listed by SP Larner.
Mark A Harbison R(B) may represent you as Buyer's Representative.
This information is believed to be accurate. It has been provided by sources other than the Realtors Assoc. of Maui and should not be relied upon without independent verification. You should conduct your own investigation and consult with appropriate professionals to determine the accuracy of the information provided and to answer any questions concerning the property and structures located thereon. Featured properties may or may not be listed by the office/agent presenting this brochure.
Copyright, 1995-2021, REALTORS® Association of Maui, Inc. All Rights Reserved.
Mark and Lisa

Mark A Harbison
R(B) (GRI) (CIPS) (TRC)

Mark@RealEstateMauiHawaii.com

(808) 283-3785

Coldwell Banker Island Properties
Shops at Wailea, Suite B-35
3750 Wailea Alanui * Kihei, HI 96753
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