40 Kupuohi St Unit 302, Lahaina, HI 96761

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.