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favorite this post BUSINESS, COMMERCIAL PROPERTY, HOME For Sale in Hawaii, USA-Green Card (KULA,MAUI, HI, USA) hide this posting unhide

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available apr 4

apartment

Retail, Office, Industrial, Residential, Mixed Use For Sale; including turnkey business operation. 3% to Brokers.

Kula Town Center-Instant Income & USA Green Card

-SHOWN ONLY BY APPOINTMENT TO PRE-QUALIFIED BUYERS
-OWNER FINANCING WITH 25% DOWN
-DO NOT ENTER PROPERTY & BOTHER TENANTS
-NO TRESPASSING ON THIS PROPERTY STRICTLY ENFORCED
-VISCOUS GUARD DOGS & OWNERS ON PROPERTY 24/7
-ADDITIONAL INFO, PHOTOS, AND TOUR ONLY UPON SIGNING NON-DISCLOSURE STATEMENT


Price: $3,699,000 includes land, all improvements, and existing turnkey business operations
-Auto repair shop for sale by itself- $399,000 & rent @$7,500/month
Gross Leasable Area: 8,000 SF
Price/SF: $462
Property Type: Retail, Industrial, Residential, Mixed Use
Property Sub-type: Neighborhood Center
Property Use Type: Investment, Owner/operator
Commission Split: 3%
Cap Rate: 10%
Occupancy: 100%
No. Stories: 1; Zoning would allow 2-3 stories (29ft)
Tenancy: Multiple
Year Built: 1953
Lot Size: .93Acre-40,394sf
Water Meter: 3/4", #292 on County water meter list for a larger meter-about 4-5 years wait


Highlights:

-Located In The Best Part of Hawaii-Lower Kula, Maui
-Property Pays for Itself and then some!!!!!
-All flat usable land with 360 degree views & 8000SF of improvements
-Only Commercial property for sale in Kula, Maui with high profit turnkey Business
-Foreigners & Family Can get a US Green Card with this property/Business with EB-5 Visa program
-Sub-dividable into 2 commercial properties

Description:

Almost one acre (40,399sf), flat & all usable, commercial lot with improvements. Subdividable. On 18,000sf of the lot is a 5500 sf commercial building including 1000sf mezzanine with an existing auto repair business($7500/mo rent) operating very successfully-$840,000.00 in sales, with a 50% growth potential (see bizbuysell.com business for sale listing). Small 80sf completely remodeled stand alone office for a planned used car lot($4000/mo rent). There are no used car lots upcountry. Area for a planned food court with several food trucks/carts and a 700sf building for a planned restaurant/commercial kitchen($4000/mo rent). Put a second story on this structure and views would be awesome of the whole island & rents would double. Then, on the other 22,000sf of the lot is a very nice 1250sf home(3 rental units $5500/mo rent) with a masonry fireplace, a separate 540sf 1b1b unit($1800/mo rent) with a planned and almost permitted 750sf second floor unit ($2200/mo rent), and a separate 250sf 1b1b unit($1650/mo rent). The grounds have a nice yard, hedges, flowers, fruit trees, rock walls, and solar heated hot tub/pool with waterfall. There are other units planned which would add $7000/mo in rental. If all these units are rented as vacation rentals the rents are almost double. The end plan for this residential side of the property is to have 9-10 vacation rentals with a small swimming pool/hot tub/tennis court

The income would be $40,000/mo. for residential side. Shop side would be $50,000/mo. Then property value doubled. Be the owner/operator and its worth even more. This project could easily be all solar powered-lots of sun & roof space. County, State, & Feds want Maui to be all electric. Shop building just painted, roof sealed, bathroom & office remodeled. House remodeled-new windows, electric, lighting, drywall, bath, & kitchen. Attic insulated & roof sealed. Located in Upcountry Maui in Lower Kula known for the best weather in the world!!! At 2500ft elevation overlooking the Island of Maui and the Pacific Ocean. 360 degree views with both coasts of Maui below and the 10,000ft Haleakala Crater above . Very busy La Provence French Bakery/Restaurant across the street and Kula True Value Hardware store/nursery/gas station just a few steps away. On the way to Haleakala Crater National Park which has 1.3 million visitors/yr. Due to the perfect location, this property could be used for almost any business which would just thrive here. Current water meter is 3/4". In near future (3-5yr) when larger meter available (#292 on County meter list!!-as of 11/17) this property will support much larger commercial development-maybe a 30-40 room hotel/lodge/restaurant or 15 mixed use 3 story condos. End value of such development would be $18-23 million. Live on property, manage & develop property/business, and enjoy your life in Paradise!!! That is what owner has done for the past 19 years. Property value has more than quadrupled. For sophisticated buyer with vision.

-SHOWN ONLY BY APPOINTMENT TO PRE-QUALIFIED BUYERS
-OWNER FINANCING WITH 25% DOWN
-DO NOT ENTER PROPERTY & BOTHER TENANTS
-NO TRESPASSING ON THIS PROPERTY STRICTLY ENFORCED
-VISCOUS GUARD DOGS & OWNERS ON PROPERTY 24/7
-ADDITIONAL INFO, PHOTOS, AND TOUR ONLY UPON SIGNING NON-DISCLOSURE STATEMENT

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness.
  • do NOT contact me with unsolicited services or offers

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