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40 Kupuohi St #302 Lahaina, HI 96761
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Key Details
Sold Price $365,000
Property Type Commercial
Sub Type Commercial-For Sale
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 388173
Sold Date 03/17/21
HOA Y/N No
Lot Size 0.777 Acres
Acres 0.7767
Property Description
Unit 302 has a great ocean and Lanai view from its third floor location. It has never been occupied, and is being sold in loft condition, which gives you the opportunity to build the unit out to your specifications. The gross leasable area is 949 sq. ft., which is how commercial lease space is measured. The price is comparable to prices for similar units on Maui being sold in loft condition and is much less than the original price for this Unit 302 of $572,000. This is your second chance to own you own office space in West Maui. Keawe Business Center is the only office condominium project in West Maui and was sold out last year. That was your first chance. However, due to COVID, the owner of Unit 302 has reorganized and no longer needs this space. So, you have another opportunity to own a brand new, never occupied, unit that you can customize for your use. Keawe Business Center is the only Class A office building in West Maui, with island-style design featuring open-air lobbies, passenger elevator, steel-framed building, concrete floors, and Monier tile roof. SBA 504 financing is available for 90% of the purchase price for the business owner-user, and you can finance your improvements 90% as well. With the current interest rates, your first year’s interest will be much lower than rent, and you no longer have to pay general excise tax on rent or future rent increases, and you have tax shelter with depreciation. There just is no reason to pay rent rather than owning your office space.
Location
State HI
County Us
Area Lahaina
Building/Complex Name Keawe Business Center
Zoning M-1
Exterior
Parking Features Assigned, Unassigned, On Site
Waterfront Description None
View Y/N Yes
View Ocean
Roof Type Tile
Building
Story 1
Sewer Public Sewer
Water Small Water Meter
Others
Security Features Fire Sprinkler System
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