TS Restaurants’ Administration Offices now open at Keawe Business Center
LAHAINA – TS Restaurants now joins Valley Isle Community Federal Credit Union, Imua Physical Therapy, and Kaanapali Beach Resort Association as open for business at Keawe Business Center. DLD Maui Properties’ office is under construction, and leases are out for signature for a baby store and financial services office, both to be located on the ground floor. Now is the time to join this growing group of businesses at Keawe Business Center.
Unit 302 is back on the market, and is the only remaining unit for sale on the third floor. This unit has extraordinary ocean and Lanai views, 949 gross square feet, and is priced at $372,000.
If a buyer is looking for a corner unit with windows on all three exterior walls, and partial ocean and Lanai views, there’s only one on the second floor. It’s priced at a very attractive $517,000 for its 1,495 gross square feet.
For those who need the ground floor, there’s only two units. South corner unit 101 is 1,331 gross square feet, and north corner unit 106 is 1,406 gross square feet. Prices are $488,000 and $514,000, respectively.
The remaining units for sale (second floor) are 858 and 949 gross square feet and are priced at $327,000 and $354,000, respectively.
All of our prices represent a dramatic discount of over 30 percent from the original prices, and are well below replacement cost. This, coupled with still historically low interest rates, yields a net cost of buying far lower than paying rent. Most businesses qualify for 90 percent financing under the SBA 504 program, and 100 percent financing is available for medical doctors and dentists.
Included in the sales price, the seller has provided a nearly complete private restroom for each remaining unit. A buyer only needs to connect to the buyer’s electrical and fire sprinkler systems, as part of the buyer’s overall build-out, and install flooring and any upgrades. The seller has also provided the demising wall framing and sound insulation batting. These two additions will save each unit buyer over $10,000, and a private restroom adds to the convenience for each unit.
The timing has never been better to own. Buyers can take control of their business’s future, no longer have to deal with landlords, and can have more flexibility when they’re ready to sell their business or retire.
Mario Cardone, principal broker of CardOneRealty Corp. and subagent of Peake & Levoy LLC, is offering private showings for those wishing to secure space in what promises to be West Maui’s best business address. Call Mario at 276-8132 for your Net Cost of Buying cost/benefit analysis. Information is available at www.mauicommercialproperties.com, or call or e-mail Mario at firstname.lastname@example.org.