3135 Lower Kula Rd Kula, HI 96790

Property Details for 3135 Lower Kula Rd

Year built

1959

Lot size

0.93 lot acres

Property size

40,510 SF

Property type

Warehouses

Property subtype

Office Properties & Spaces

Description

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.

Location Insight

City

Kula

County

Maui

State

Hawaii

Longitude

-156.326

Latitude

20.776