3135 Lower Kula Rd Kula, HI 96790

This exceptional mixed-use property in Kula, Maui, presents a compelling investment opportunity. Priced at $4,950,000, this 40,510-40,511 square foot property boasts an 8% cap rate and offers a diverse income stream. The property includes a three-bedroom, two-bathroom single-family home and an established auto repair business, currently operating at 100% occupancy with flexible lease terms. Situated on approximately 0.93 acres of fee-simple land, the property enjoys a prime location on Lower Kula Road, one of Kula's main thoroughfares, with 366 feet of frontage. Built in 1959 and renovated in 2020, the property features a one-story building classified as Class C with a net lease. The zoning is currently Interim, with future designation as B-CT (Business Country Town), allowing for potential subdivision and condominium conversion. The property includes ample parking (approximately 50 spaces). Seller financing is being considered. This turnkey offering presents a rare chance to acquire a well-established, high-performing mixed-use asset in a desirable Maui location. The property's current configuration includes four units. The existing water infrastructure includes a 1" meter and a 5/8" meter is available. This is a multi-tenant property with a strong history of occupancy.