3135 Lower Kula Road
Kula, HI 96790
$4,800,000
Price
2
Beds
1
Bath
1,236 Sq. Ft.
$3,883 / Sq. Ft.
1,236
Sq. Ft.
$3,883
per Sq. Ft.
Description
Also listed as Commercial-For Sale – MLS#400944. 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,...Also listed as Commercial-For Sale – MLS#400944. 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. 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 Universal IncP: (808)-778-6578 sales@realtyuniversal.com
Property Details for 3135 Lower Kula Road
View
Mountain/Ocean
Waterfront FeaturesNone
WaterfrontNo
Zoning DescriptionInterim
LISTING UPDATED: 10/21/2024 09:32 AM
Property Details for 3135 Lower Kula Road
| Status | Active |
|---|---|
| MLS # | 403770 |
| Days on Market | 3 |
| Taxes | $6,940 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Single Family |
| MLS Type | Residential / Single Family Residence |
| Year Built | 1959 |
| Lot Size | 0.93 AC / 40,398 SF |
| County | Maui County |
Building Information for 3135 Lower Kula Road
Stories-Year Built1959Building Size-Lot Size0.93 AC / 40,398 SF
Property Information for 3135 Lower Kula Road
Summary
Location and General Information
- Coordinates: -156.32564, 20.776217
- Latitude: 20.776217
- Longitude: -156.32564
- Road Frontage Type: County Road
- View YN: Yes
Taxes and HOA Information
- Tax Assessed Value: $508,400
- Tax Legal Description: 1
- Tax Year: 2023
Property Information
Lot Information
- Building Area Total: 1236.0
- Building Area Units: Square Feet
- Living Area: 1236.0
- Lot Size Units: Acres
- MLS Area Major: Kula/Ulupalakua/Kanaio
- Road: Paved
Property and Assessments
- Listing Terms: Cash, Conventional, Open
Utilities
- Sewer: Cesspool
- Utilities: Phone Connected
- Water: Public
Interior and Exterior Features
Exterior Features
- Exterior Finish: Concrete, Steel Frame, Wood Frame
- Roof: Aluminum/Steel
Interior Features
- Bathrooms: 1
- Heating YN: No
- Room Master Bedroom Level: Ground
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$811,400Additions$502,900Total$1,314,300
Tax Record2024$6,112 ($509 / month)
Home Facts
Baths1.5Total Finished SqFt3,250 SqFtAbove Grade Finished SqFt3,250 SqFtStories1Lot Size40,399 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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Listing Courtesy of Nathalie Mullinix Rlty Universal Inc, Nathalie Mullinix, License #RB-17596