This property is a commercially zoned property that is currently designated by the county and state as apartment zoned (A-1). 1050 Front Street is perfectly set in a prime location in central Front Street in Lahaina Town. This commercial parcel has great opportunities for future development as a multi-unit investment rental property or low density apartment complex. Located directly across the street from the ocean with Pacific Ocean and outer island perspectives from the future second or third floors. 1050 Front Street is completely level and currently being used as a vacant parking lot. Front Street demands of the highest rental rates in the state of Hawaii and is in the heart of the islands most sought after employment. With little rental options in Lahaina 1050 Front Street provides an opportunity to have a lucrative investment while providing quality housing for the local work force and residents. The A-1 zoning may allow up to 9 condominiums/apartments to be built. This property would utilize county water and sewer. The Buyer is recommended to do their own due diligence on what can and cannot be done on 1050 Front Street. All Buyers and Buyers agents will be requested to complete a Non-Disclosure Agreement prior to receiving information package.
Listings provided courtesy of the REALTORS® Association of Maui.
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