MORTGAGE AMOUNT $0
DOWN PAYMENT AMOUNT $480,000

MONTHLY MORTGAGE PAYMENT $0/span>
ADDITIONAL MONTHLY CHARGES $0
TOTAL MONTHLY PAYMENT $0
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MLS# 386650
Bedrooms 3
Bathrooms 2
Interior Area: 1236
Days on Market: 413
Type: Residential
Status: Active
Listed By: Hawaii Life (KAP)
Bank Owned No
Lot Size: 0.9274 Acres
Address: 3135 Lower Kula Rd, Kula, HI 96790
City: Kula
Lanai: 66

PROPERTY DESCRIPTION

Mixed-use property with both residential and commercial rentals, and an active auto shop business all included in the sale. Seller would consider a development partner or an outright sale. The property is undergoing expansive growth project opening up significant opportunity in the development space: 1. Working with Rob Cole, the Owner has applied for B-CT (Business Country Town) rezoning. Currently zoned Interim, and County of Maui Master Plan is Commercial. 2. Working on subdividing the Property into 2 TMK`s and then CPR`ing the two resulting properties with Brook Starr/Tom Welch. 3. Upgrading the current 1.0 water meter to 2.0. The Owner is currently #71 on the list as of 1/1/2021, and based on historic progress estimates Feb-June of 2022. See Docs Section for Approved Property Uses of these upgrades. Low-density, lush Kula setting, 360-degree spectacular views: sunsets over both Pacific Ocean coasts, West Maui Mountains, and sunrises over Haleakala Crater. La Provence French Bakery/Restaurant and Kula True Value Hardware neighbors, plus a gated luxury residential development Kula I`O 1/3 mile away. Buy the property and rent out the shop space for additional income, buy the shop only, or buy both and live-work-play on Maui from your home. Owner financing possible with the right deal. Financial and Corporate Records available. SHOWINGS: Owner and Tenant Occupied, successful and active Business, NO DROP-INS - please contact your favorite Realtor for an Appointment.

Price History

Date Days Ago Event Price

Last update: 5:40pm 5/3/2021

Disclaimer - This information is believed to be accurate. It has been provided by sources other than the Realtors Assoc. of Maui and should not be relied upon without independent verification. You should conduct your own investigation and consult with appropriate professionals to determine the accuracy of the information provided and to answer any questions concerning the property and structures located thereon. Featured properties may or may not be listed by the office/agent presenting this brochure.
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