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$4,400,000 / 3br - 6800ft2 - BEST MIXED USE PROPERTY IN HAWAII 8% CAP RATE W/AUTO SHOP (Lower Kula, Maui, Hawaii, USA)

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Best Mixed use property in Hawaii with 8% cap rate and 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. Approximately 5000sf commercial space and 1800sf residential space leased with 100% occupancy. 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. New Luxury, Exclusive, Gated Kula 'I'O subdivision with 50-70 new $3-15mil homes being built is a minute away. Neighbor businesses include a gas station, hardware store and plant nursery, bakery, restaurant, farmers markets and a food cart. This area is growing and needs a lot more business and commercial development for the population increase. Purchase now at a solid 8% cap rate with a huge upside development potential in the near 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 #149 is directly in front of the property and fire hydrant #150 is 55ft away. 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 $4.4 mil. This property has sextupled in value since acquired 25 years ago. It will probably do this again in the next 25 years. This property is the proverbial "Golden Goose" or "Cash Cow" with no comparables. Owner financing at great terms with $1.4 mil cash down and the balance of $3mil over 20 years at $20.6K/month or 5.5% interest. Property/Business more than pays for itself with probable $35K+/month cash flow. Subject to prior sale and zoning requirements. Buyer to use due diligence. 2.5% coop fee. Hurry, this won't last long! “All comments, data is provided by seller or seller's representatives. Buyer to confirm all & hold all parties harmless from any discrepancy data in the mls and advertising. Limited Service–Data Entry Addendum signed by seller/s must be sign by buyer/s with Purchase Contract. " See MLS listing 400944. See Redfin.com for MLS listing. Contact Principal at Eight08 three44 seven797.

post id: 7745421507

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