372 N Market St in Happy Valley - $3,450,000

This listing features two lots: 372 N Market St and 378 N Market St. Both lots are approx.. 5000 SF. B-2 commercial zoning within Wailuku Redevelopment Area which allows mixed use commercial which can consist of: bed and breakfast, hotel, light manufacturing, food processing and more. There are four buildings on property: 1960 SF commercial building, 2- Approx 1900 SF duplexes, and a carport storage area, approx. 575 SF. The street front commercial building at 378 N Market was built in 1950 and was updated in 2025. It is approx 1960 SF with 980 SF/ floor. It is hollow tile and concrete construction. The main floor has approx. 12’ ceilings. There is a commercial roll up door in the front. The building is in a state that it is ready to be built out for use. The duplex at 378 N Market St was originally built in 1945 and updated in 2025. It is approx. 1830 SF with 915 SF/ floor. Each floor offers three bedrooms and one bathroom. The duplex has been fully reframed with everything replaced. The duplex at 372 N Market ST was originally built between 1944-1959 and updated between 2018 and 2023. It is approx.. 1976 SF with 988 SF/ floor. Each floor offers two bedrooms and two bathrooms. This has a fully updated interior and exterior. The duplex is a mix of hollow tile construction and wood framing. The carport/storage area was built in 1944 and updated in 2025. It is approximately 575 SF and has water/drain to building. Power is also possible. This building is a strong candidate for conversion to ADU. The owner is a licensed General Contractor and has performed, or overseen, all work on property. The owner is selling due to relocation out of the state. The property is in some of the best zoning on Maui. The area has been historically undervalued. There are properties in area that are producing significant vacation rental income. The target will be the bargain based tourist. Money can be made, especially when you consider this property doesn’t have any AOAO fees. There is also tremendous opportunity for the right business that needs a storefront and housing, or a storefront and rental income.

This property is listed by:
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Listing data provided by:
The Maui Multiple Listing Service