3165 ELUA ST, LIHUE, HI 96766

This versatile income-producing property offers a rare combination of immediate cash flow, flexible zoning, and significant development upside—all in the heart of Lihue. Fully leased and generating approximately $15,500/month, the property features six rentable units totaling 4,140 SF, plus two 12x16 cottages, set on a 30,000 SF double lot.Zoned SPA-F (Kūhiō Highway Neighborhood Mixed Use-Commercial), the site supports a wide range of uses, including multifamily, office, retail, personal services, restaurant, and light industrial. The zoning, combined with the ample lot size, allows for potential expansion of up to seven additional residential units and seven ADUs (subject to County approval). This makes it well-suited for investors, owner-users, or developers looking to maximize the property’s value in a growing market.The property includes a 20W Solar PV system that offsets most of the building’s electricity usage, a sewer connection, and ample on-site parking. With infrastructure and stable income already in place, it offers a low-barrier path to growth or repositioning.Līhue is Kaua‘i’s commercial and governmental center, with consistent demand from both locals and visitors. The property’s location offers quick access to the airport, harbor, shopping, hospital, schools, and public services—an advantage for both current tenants and future development.Properties in such a convenient location that offer this combination of existing cash flow, permitted flexibility, and development potential are exceedingly scarce on Kaua‘i.

Listed by: Hawaii Life
Year Built: 1949
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Lava Zone:
Flood Zone: X

Zoning: R-10
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