When it comes to purchasing commercial real estate on Kauai, there are certain features that buyers tend to prioritize. These features can vary depending on the buyer’s needs, the industry, and the type of property they are looking for.
While some features may be obvious, such as location and square footage, there are many other property amenities buyers can highlight to achieve a successful sale. In this blog, we will discuss the top features that buyers look for in commercial real estate on Kauai so that you can achieve the best possible results when selling a commercial property of your own.
The Location of The Property
One of the most important features that buyers look for when purchasing commercial real estate is the location it is in. The location of the property can have a significant impact on the success of the business that occupies it, depending on the industry. Buyers looking for retail space or a restaurant will often look for properties that are located in high-traffic areas, with easy access to major roads and highways. Properties that are located near public transportation, such as train stations or bus stops, are also desirable. On Kauai, buyers may look for properties that are located near popular tourist destinations or cultural centers. If your property isn’t near any of these, you may want to cater your advertising to businesses that are not dependent on foot traffic or a high-visibility location. This includes businesses such as call centers, offices, and industrial operations.
The Size of the Property
The size of the property is another important feature that buyers consider. The size of the property will depend on the buyer’s needs and the type of business they plan to operate. Buyers may look for properties that have ample square footage, with enough space for storage, offices, retail space, or other uses. On Kauai, buyers may look for properties that are large enough to accommodate multiple tenants, such as a multi-tenant office building or mall. Amenities such as extra bathrooms or a kitchen area are also desirable features that commercial property buyers will appreciate. When marketing your property, make sure you are targeting businesses that would make sense in your space.
Parking Availability
Parking is another important feature that buyers look for on Kauai commercial real estate. Buyers may look for properties that have ample parking for employees, customers, or tenants. On Kauai, buyers may look for properties that have parking garages or surface parking lots. Properties that are located near public parking facilities may also be desirable if there is not ample parking on sight. Your buyers, along with their tenants and employees, will not likely want to fight to find a parking spot on the street.
The Condition of the Property
The condition of the property is another important feature that buyers consider when looking for commercial property on Kauai. Commercial buyers may look for properties that are in good condition, with well-maintained building systems and up-to-date technology. Properties that require significant renovations or repairs may be less desirable. On Kauai, buyers may look for properties that have been recently renovated or that have modern amenities.
The Price Needs to be Right
Price is always a consideration when purchasing commercial real estate in the Kauai area. Buyers may look for properties that are priced below market value or that offer a good return on investment. On Kauai, buyers may be willing to pay a premium for properties that are located in prime locations or that have desirable features, such as ample parking or modern amenities.
Zoning of the Property
Zoning is another important consideration when purchasing commercial real estate on Kauai. Buyers may look for properties that are zoned for their intended use, such as retail, office, or industrial. On Kauai, buyers may look for properties that are zoned for mixed-use development, which allows for a combination of uses. In fact, mixed-use properties are rising in popularity on Kauai and the surrounding areas and can be great for investors wishing to expand their portfolios.
So What’s Next?
Do you have a commercial building on Kauai that you need to sell? When purchasing commercial real estate on Kauai, buyers look for a variety of features that will help ensure the success of their business. These features include location, size, parking, condition of the property, price, and zoning. By considering these features, buyers can make informed decisions when purchasing commercial real estate on Kauai. And sellers will know exactly what features to highlight when selling their property.
If you have a commercial property you need to sell, working with an experienced agent can help. Jeff Nemeth Real Estate has many experienced commercial agents and can answer any questions you have about the process. Give us a call today to learn more about us and what we can offer you. 808-634-4518