3135 Lower Kula, Kula, HI 96790

$3,200,000
3
BD
2
BA
1,236
SqFt
List Price
$3,200,000
Price Change
▲ $500,000 1613712703
Days on Market
445
MLS#
386650
Status
ACTIVE
Type
Single Family Residential
Bedrooms
3
Bathrooms
2
Living Area
1,236
Land Area
40,398
Land Tenure
Fee Simple
Neighborhood
Kula/Ulupalakua/Kanaio

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.

Additional Information

Tmk
22303053030370000
View
Mountain/Ocean

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Hawaii Life (KAP).

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. Copyright, 1995-2015, REALTORS® Association of Maui, Inc. All Rights Reserved.