3135 Lower Kula Road
3135 Lower Kula Road
Kula, HI 96790
$4,800,000
Price
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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,...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 and another full size hydrant is 50 ft 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 $4.8 mil. This property has almost sextupled in value in the last 25 years. 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! “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."
- Listed by Nathalie Mullinix • License #RB-17596 • Nathalie Mullinix Rlty Univers
Property Details for 3135 Lower Kula Road
WaterFront
None
ViewMountain/Ocean
SubdivisionKULA
County ZoningInterim
Location
Listing Courtesy of Nathalie Mullinix Rlty Univers, Nathalie Mullinix, License #RB-17596
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LISTING UPDATED: 03/03/2024 02:03 PM
Property Details for 3135 Lower Kula Road
| Status | Active |
|---|---|
| MLS # | 400944 |
| Days on Market | 98 |
| Taxes | $578 / month |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Mixed Use |
| MLS Type | Commercial / Commercial-For Sale / Mixed Use |
| Year Built | - |
| Lot Size | 0.93 AC / 40,397 SF |
| County | Maui County |
Location
Listing Courtesy of Nathalie Mullinix Rlty Univers, Nathalie Mullinix, License #RB-17596
Add your commute
Building Information for 3135 Lower Kula Road
Stories-Residences-Year Built-Lot Size0.93 AC / 40,397 SF
Payment Calculator
$26,774 per month
30 year fixed, 7.25% Interest
Principal and Interest
$26,196
Property Taxes
$578
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 3135 Lower Kula Road
Summary
Location and General Information
- Geo Latitude: 20.776217
- Geo Longitude: -156.32564
- Geo Quality: 0.95
- Geo Zoom Level: 16.0
- Geo Address Line: 3135 Lower Kula Rd
- Geo Primary City: Kula
- Geo Subdivision: HI
- Geo Postal Code: 96790
- Geo Match Code: 0.0
- Geo Matched Method: 0.0
- Div: 2
- Zone: 2
Taxes and HOA Information
- Tax Year (Ending): $2,023
- Taxes Per Month: $578.33
- LVT Date: 01-23-2024
- Tax Database ID: 1.0
- Tax Property ID: 2230530370000
Property
Lot Information
- Class: Commercial
- Type: Commercial-For Sale
- Land SQFT: 40398.0
- Land Acres: 0.9274
Property and Assessments
- Disclosure: Property Disclosure Stat
- Listing Agreement: Excl Agency - MLS Only
- Photo Count: 30
- Associated Doc #: 4
- Total Exemption: $200,000
- Assessed Value-Imp: $508,400
- Assessed Value-Land: $950,800
- New Developer Offering: No
- FIPS Code: 15009
Utilities
- Utilities to Site: Heavy Electricity, Large Water Meter, Light Electricity
- Sewer: Cesspool
Interior and Exterior Features
Exterior Features
- Roofing: Aluminum/Steel
- Flooring: Concrete, Other
Agent
Sale and Listing
- Sale/Rent: For Sale
- Status: ACTIVE
- DOM: 41
- DOMLS: 41
- CPR: 0000
- Par: 037
- Plat: 053
- Sub Agency Offered: No
- Seller Pays GET: No
- TMK: 2230530370000
- Sec: 3
- Terms Acceptable: Cash, Exchange, Govt Loan Available, Open, Owner Finance
Showing and Remarks
- SHOWING: Appointment Only
Property History for 3135 Lower Kula Road
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3135 Lower Kula Road
Taxable ValueLand$950,800Additions$508,400Total$1,459,200
Tax Record2023$6,940 ($578 / month)
Home Facts
Baths1.5Total Finished SqFt3,250 SqFtAbove Grade Finished SqFt3,250 SqFtStories1Lot Size17,424 SqFtStyleService StationYear Built1952Year Renovated1974ZoningAGRCountyMAUIAPN2-3-053-037Fireplace TypeHas Fireplace
Schools near 3135 Lower Kula Road
This home is within Hawaii Department Of Education.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | K to 12 |
Rating | School | Distance |
|---|---|---|
Kula Elementary School PublicPK to 5 | ||
Samuel Enoka Kalama Intermediate School Public6 to 8 | ||
King Kekaulike High School Public9 to 12 | ||
Kihei Public Charter School CharterK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Nathalie Mullinix Rlty Univers, Nathalie Mullinix, License #RB-17596