FOR SALE | MULTI-TENANT INVESTMENT OPPORTUNITY

3-3204 Kuhio Highway (Anaha Building)

3-3204 Kuhio Highway, Lihue, HI, 96766

Asking Price

$2,100,000

Available

6,822 SF

Land Area

0.37 Acres

Property Overview

Facts

Location: Lihue
Address: 3-3204 Kuhio Highway, Lihue, HI, 96766
TMK: (4) 3-6-6-91 & 92
Zoning: C-G Commercial
Land Area: 0.37 acres
Building Size: 6,822 SF
Space Available: 6,822 SF
Asking Price: $2,100,000
Real Property Tax: $13,994.37 (2025)
Tenure: Fee Simple

3-3204 Kuhio Highway, also known as the Anaha Building, presents a fee simple multi-tenant commercial investment opportunity in the heart of Lihue, Kauai. The 6,822 square foot property is situated on 15,900 square feet of C-G Commercial zoned land along highly trafficked Kuhio Highway, with reported average daily traffic of 20,196 vehicles. The property features a diverse tenant mix including Big Monster Sushi, Malama Kauai, Kokua Healthcare, Hoola Lahui, and Susan Bacelonia, with lease expirations staggered between 2027 and 2033. The asset is positioned to provide stable cash flow, reduced rollover exposure, and potential rent growth, supported by approximately 20 parking stalls, excellent visibility, and proximity to major Lihue amenities including Walmart, Wilcox Medical Center, McDonald’s, KFC, 7-Eleven, Pizza Hut, Subway, and Aloha Roastery. A roof replacement project completed in 2025 with a 20-year warranty further enhances the property’s long-term investment appeal.

Highlights

Vacancy Risk:

Multiple tenants with varied expiration dates help reduce exposure to any single rollover event and create a more balanced income stream.

Income Diversity:

The tenant roster serves several market sectors, including restaurant, nonprofit, healthcare education, fitness, and salon uses, helping mitigate dependence on one business category.

Long Tenancy:

Most tenants have completed multiple renewals and have demonstrated long-term occupancy plans at the property, supporting cash flow stability.

Capital Improvement:

A roof replacement project was completed in 2025 with a 20-year warranty, providing ownership with reduced near-term capital exposure.

Customer Parking:

Approximately 20 parking stalls provide convenient access for customers and employees, supporting the property’s multi-tenant retail and service uses.

High Visibility:

The property is located on Kuhio Highway, a major Lihue thoroughfare with reported average daily traffic of 20,196 vehicles.

Central Location:

The site is positioned in Lihue, Kauai’s primary business and commercial hub, near major retailers, medical services, restaurants, and daily-needs amenities.

Download Property Brochure

PDF document