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  • MLS® #: 379999
  • 200 Waiehu Beach Road Rd

  • Wailuku, Hawaii 96793
  • $8,695,000   Fee Simple
  • Monthly Maintenance Fees $0
  • 266979 SQ. Feet, 6.13 Acres
  • Commercial
  • Listed by: Maui Houses And Condos Realty

The last large oceanfront development parcel zoned M-1/B2. B-2 allows 20 TVR's above the first floor. The size of this land will allow up to 250-300 apartments or condos. The buyer should subdivide off the 26,200 sf steel frame warehouse from the rest of the land. The gross income is $403,000+ per year and the Net Operating Income (NOI) is $344,604.00. Click on associated docs for fact sheet with tenant rent roll and income and both M-1and B-2 zoning ordinances. This is an extraordinary opportunity for a developer. The yellow line on the ocean side delineates the county of Maui access easement to a pumping station. There exists a utility easement on the east side of the property(yellow line) that should be swapped for the oceanside easement. That easement could then be landscaped with palm trees and a beach set back from the ocean so it doesn't get washed away. Great spot for a theme restaurant to cater to the cruise ships that come in to Kahului Harbor every week and shopping. SEE REALTOR REMARKS FOR SELLING ONLY THE DEVELOPMENT LAND. The new map for the new plan is under associated docs. The Seller will convey approximately 5 acres + - for the condo or apartment development for $4,000,000.

Essential Information

  • MLS® #379999
  • Price$8,695,000  Fee Simple
  • Square Footage266,979
  • Acres6.13
  • TypeCommercial
  • Sub-TypeCommercial-For Sale
  • StatusActive

Community Information

  • Address200 Waiehu Beach Road Rd
  • AreaWailuku
  • CityWailuku
  • NeighborhoodMaui Arts & Cultural Cent
  • StateHawaii
  • Zip Code96793

Amenities

  • ViewMountain/Ocean
  • Is WaterfrontYes
  • WaterfrontOceanFront

Amenities

Private Restrooms, Floor Drain, Raised Floor

Utilities

Heavy Electricity, Large Water Meter

Interior

  • # of Stories1

Additional Information

  • Date ListedSeptember 24th, 2018
  • Days on Market148
  • ZoningM-1 Light Industrial, Urban

Public Records Information

Sales History

  • 12/06/2011  $ 0
  • 10/16/2002  $ 1,900,000
  • 12/31/1999  $ 0
  • 07/16/1999  $ 0

County Assessed Value

  • 2018   $ 2,630,500 
  • 2017   $ 2,595,500 
  • 2016   $ 3,122,100 
  • 2015   $ 3,079,600 
  • 2014   $ 3,067,800 
  • 2013   $ 4,237,700 
  • 2012   $ 4,235,600 
  • 2011   $ 5,140,800 
  • 2010   $ 5,344,500 
  • 2009   $ 5,341,500 

Permit Information

  • 961790 - Storage bldg  10/18/1996 
  • 906074 - New commercial bldg  07/26/1990 
County Tax Information

Property Location

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Listings provided courtesy of the REALTORS® Association of Maui.

This information is believed to be accurate. It has been provided by sources other than the Realtors Assoc. of Maui and should not be relied upon without independent verification. You should conduct your own investigation and consult with appropriate professionals to determine the accuracy of the information provided and to answer any questions concerning the property and structures located thereon. Featured properties may or may not be listed by the office/agent presenting this brochure. Copyright, 1995-2015, REALTORS® Association of Maui, Inc. All Rights Reserved.