Kula Town Center 3135 Lower Kula Rd

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 local and world events. 5000sf commercial space and 1800sf residential space leased with 100% occupancy. Located Upcountry in Lower Kula, Maui, Hawaii, USA at 2500ft elev. 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 10,000ft high Haleakala Crater behind. Kahului Airport is 25 min away. This property is located in the midst of a very affluent area with homes in the $2-15mil range. New Luxury, Exclusive, Gated Kula 'I'O subdivision with 50-70 new $3-15mil homes being built is a minute away. Neighbor businesses include a gas station, hardware store and plant nursery, bakery, restaurant, farmers markets and a food cart. This area is growing and needs a lot more business and commercial development for the population increase. Purchase now at an high cap rate with a huge upside development potential in the near 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 $40mil. 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 #149 is directly in front of the property and fire hydrant #150 is 55ft 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 $4.8mil. This property has sextupled in value since acquired 25yrs ago. It will probably do this again in the next 25yrs. Owner financing at great terms with $1.8mil cash down. Subject to prior sale and zoning requirements. Buyer to use due diligence. 2.5% coop fee or 2% discount to buyer. 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. " See Maui MLS listing 403770 & 400944. See Redfin.com for MLS listing. See bizbuysell.com for Auto Repair Shop sale listing. Call Principal at Eight08 three44 seven797. Shown by appoint ONLY-don't bother tenants! Guard dog24/7
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The following information describes the Auto Repair Shop that is included in the sale of the Real Estate at $4,800,000 or is available separately at $525,000 by itself:
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Relocate to PARADISE in Perfect Maui, Hawaii, USA! Very busy RECESSION PROOF auto repair shop available for sale for $525,000 with owner financing(RE 4Sale also). The shop facility has a mo rental of $12,000 plus 4.5%GET ($566). Government mandated essential bus for state & federal regulations. Shop specializes in high line European cars & Domestic, Asian, SUVs, 4x4s, & Lt trucks. One stop shop for all vehicle needs. Work & live on the best island & place in the world! The shop is located at 2500ft elevation in the absolute best area of Maui(Lower Kula) with the best weather anywhere in the world & 360deg views of the 10,000ft high mountains & beautiful Pacific Ocean below. Temperature is 75-80 F, sunny with a light breeze year round. RECESSION worries makes this business BOOM! People don't buy new cars-They fix their old cars! Hit $1.3mil last recession.
Shop purchase price includes all shop & office equipment, 34yr of customer records (hard copy & computer), 5 lifts, tire changer, wheel balancer, A/C machine, 4 work benches, floor jacks & stands, air compressor & air tanks & hoses, pressure washer & hoses.
There is a huge upcoming demand for electric & hybrid vehicle maintenance. Many Tesla cars in this very wealthy Upcountry Maui area. Most European car manufacturers are phasing out the internal combustion engine in the next 5 y
Facilities: Auto Repair Shop building is 4400sf-8 bay. Additionally there is1000sf mezzanine storage in the shop and a 450sf covered/closeable work area attached to the shop. The lot is 14000sf all useable parking for 50 cars.The shop has 4 bay doors, 5 above ground lifts and room for 2-3 more lifts. Room to work on 8-12 vehicles at once. 6 large skylights in roof. The monthly lease to be $12,000/mo. This facility could be split into 2-3 separate shops. Main front office with Covid shields & 2 service advisor desks and 2 back offices.Very nice bathroom with hot water and a shower. Shop wash sink.
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Competition:
Very little to no competition nearby. Only other facility like this auto repair shop is 10-15 mi away. No body shops or used car lots in this Upcountry Maui area. Absolutely the nicest location for an auto repair shop anywhere in the world. Located at 2500ft elev on the steepest road in the world(sea level to 10,000ft elev in 38mi)overlooking the Island of Maui and the Pacific Ocean. Complete brake & clutch jobs, trans & engine rebuilds every day. Brakes, shocks, tires, cooling systems-everything wears out here 2-3 times faster than at sea level.
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Growth & Expansion:
Shop growth is on going at about 20%/year. Many very wealthy people moving into area with expensive vehicles. Most area homes in the $2-15mil range. Shop hours can easily be expanded to 6 or 7 days a week and there is a huge demand for this. 5 lifts in operation with room for 3-4 more. State safety inspections, alignments, more tire sales, and other services can be added. Upcoming huge demand for electric/hybrid vehicle maintenance and repairs. Used car/truck sales lot planned; to be sold on its own or leased separately. An 800sf addition underway.
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Shop only Financing:
$250K cash down needed, balance at 8%, 5years or about $5445
/mo. CASH Discount. Support & Training:1-6 months training/transition for new owner depending on needs and deal.
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Reason for Selling: I have been doing this biz for 46 yrs professionally(60years total). Retirement?