BEST BUSINESS/RESIDENTIAL MIXED USE PROPERTY IN HAWAII WITH AN AUTO REPAIR SHOP

ID #:600326
3135 Lower Kula Rd.
Kula, HI 96790 
1031 Exchange
Restrooms: 3
Year Built: 1953
Lot Size: 0.93 acre
Type: Existing Business
Parking Spaces: 50
Ceiling Height: 12 ft
Building Sq Ft: 6,250
Available Sq Ft: 6,250
Total Stories: 1
Floor Location: 1
Current Occupancy: Occupied
Sale Type:Resale
Complex/Area: Lower Kula

Presented By:

West Coast By Owner

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Property Details

Description:

Best Mixed use property in Hawaii with an existing Auto Repair shop and multiple business opportunities, multiple commercial rentals, and multiple residential rentals. Unprecedented rent increases and demand in Maui now due to recent events. Located Upcountry in Lower Kula, Maui, Hawaii, USA at 2500 ft elevation which is known to have one of the best climates and weather in the Whole World. Awesome 360 deg bi-coastal views of the Pacific Ocean below, the West Maui Mountains across the Central Valley, and 10,000 ft high Haleakala Crater behind. Kahului Airport is 25 minutes away. This property is located in the midst of a very affluent area with homes in the $2-15 mil range. Neighbor businesses include a gas station, hardware store and plant nursery, bakery, restaurant, and food cart. This area is growing and needs a lot more business and commercial development for the population. Purchase now at an 8% cap rate with a huge upside development potential in the future. County of Maui master planned for further development with the Highest and Best uses of this property would be mixed use condos, hotel, restaurant, medical center, corporate center, Kula Town Center with values upward of $40 mil. The existing buildings here have a huge roof area which would support extensive PV panels and needed electric vehicle charging infrastructure which will be massively government subsidized in the future. Almost a level acre (.93 ac) and it has a 1" and 5/8" water meter. All utilities to property. A full size fire hydrant is directly in front of the property. Currently has 2 cesspools for waste treatment and future requirements for a septic system or onsite waste treatment station is feasible. This unique property can be subdivided and or CPRd. Not currently part of an HOA. Current zoning is Interim with a change to B-CT (business country town) is planned which allows for further commercial development. This property is for a buyer with a lot of vision who wants to maximize their investment potential. Keep everything and usage the same with no changes and you can expect possible earnings of $400-500K/yr. Step up and move to the next levels of development to realize possible earnings 2-3 times this. You won't find anything better than this property anywhere in the Whole World! Steal it for $4.8 mil. This property has almost sextupled in value since I acquired it 25 years ago. It will probably do this again in the next 25 years. Owner financing at great terms with $1.8 mil cash down. Subject to prior sale and zoning requirements. Buyer to use due diligence. 2.5% coop fee. Hurry, this won't last long!
Current Use:Vehicle Related
Building Type: Vehicle Related
Road Frontage: 366 ft of road frontage on Lower Kula Road
Cap Rate: 8>
Vacancy: 0
Tax Assessed Value:$1,459,200

Features

Property Features:

  • Air Conditioned
  • Cable TV
  • Display Window
  • Fenced Yard
  • Floor Drains
  • Ground Level Door
  • Handicapped Access
  • Mezzanine
  • Outside Lighting
  • Restrooms - Public
  • Skylights
  • Smoke Alarm
  • Sprinklers/Landscape
  • Storage Area
  • Storage Tank
  • Kitchen Facilities
  • Fire Alarms
  • Space Heater
  • Security Gate
  • Security System Leased
  • Individual Electric Meter
  • Master Water Meter

Lot Features:

  • Retail Frontage
  • East Side of Street
  • Downslope
  • Street Lights
  • Gated Parking
  • Open Parking

Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in. All information is deemed reliable but its accuracy is not guaranteed and the viewer should independently verify all information.

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