320 Ohukai Rd - Kihei
$295,000 Fee Simple
MLS:
389521
Status:
ACTIVE
Days on Market:
82 (Dec 04, 2020)
Type:
Commercial-For Sale
Land Area:
0.82 Acre
View:
Other
At current interest rates, the cost of owning you own fee simple office condominium is lower than rent. Kihei Commercial Plaza is a concrete tilt-up project, which is a much higher grade of construction than typical framed buildings. This 2nd floor unit is serviced by a passenger elevator for easy access. Unit 411 has only one contiguous neighbor, the Calvary Chapel food pantry, making this unit quieter than most. Unit 411 is configured for an open floor plan, and has a private restroom. SBA 504 financing is available for up to 90% of the purchase price for owner-users, and any improvements can also be covered at 90%. The SBA interest rate at the time of listing is a ridiculous 2.43%. The SBA 40% portion of the loan is amortized over 25 years with no balloon payment, and the rate is fixed for the entire 25 years. Your bank will make a first mortgage for 50% of the purchase price at an exceptional rate and terms, as this low loan-to-value is an attractive loan. Only makai facing ground floor retail unit with full glass storefront and double glass entry doors. Great exposure for your retail business. This unit has a Certificate of Occupancy for retail.
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This property is listed by CardOneRealty Corp..
Mark A Harbison R(B) may represent you as Buyer's Representative.
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.
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Mark and Lisa

Mark A Harbison
R(B) (GRI) (CIPS) (TRC)

Mark@RealEstateMauiHawaii.com

(808) 283-3785

Coldwell Banker Island Properties
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