1203 Whitmore Avenue
Retail | 11,704 SqFt
Marketing description
PROPERTY WEBSITE: https://proteamhi.com/current-listings#/1203-whitmore-avenue
Investment highlights
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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