145 N. Kihei Road
4,608 Sq. Ft.
The Sugar Beach Commercial Condominiums represent an excellent opportunity to purchase an investment property with in-place income and future development potential. Consists of two commercial condominiums. These units are fully leased with two retail stores, a massage therapist, and a restaurant and bar.
The Sugar Beach resort is located on Kihei’s Gold Coast at the north end of Kihei. Offered for sale are the Sugar Beach commercial condominium apartments A and C. Apartment A consists of 1,536 sf and apartment C consists of 3,072 sf and is demised into three (3) separate units including 45 parking stalls to be sold with the units. The apartments are offered in fee simple and are available individually or together.
The Sugar Beach commercial apartments present a rare opportunity to acquire commercial units in a beachfront property on Maui with in-place cash flows and significant growth potential. The flexible HM zoning allows for a broad range of commercial uses including hotel and apartment use. Additionally, the in-place leases are all of a short term nature allowing the opportunity for owner/users to acquire their business location.
Located on the north side of the Suger Beach Resort Complex, bordering North Kihei Road.
Posted: February 16, 2018 at 5:33 PM
Updated: May 2, 2018 at 10:56 PM