158 N Market St, Wailuku, 96793

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$795,000

MLS® #: 398869

Welcome to 158 N. Market Street, a unique opportunity to own mixed-use vacant land in the heart of downtown Wailuku. This listing includes 2 parcels: TMK 2-3-4-17-21 (158 No. Market St ) and TMK 2-3-4-17-22 (1987 Olu St) with a total of 9306 sqft. This property is perfect for those seeking to invest in commercial or multi-family real estate, or for developers looking to create a new development in a prime location. With its desirable zoning, this property provides a variety of opportunities for businesses and residents alike. The property is zoned for both commercial and multi-family use, allowing for a range of development possibilities. The two parcels included in this listing are also part of the Wailuku Redevelopment Zone, an area designated for revitalization and economic growth. This designation provides further incentives and benefits for developers and investors. Read the Wailuku Redevelopment Area Code, (Title 19 Amendment, November 2021) to view the build possibilities of this lot which include 6 room bed and breakfast or even a 20 room hotel based on conditional permitting. The location of this property is ideal for those looking to live and/or work in Wailuku. Situated in the heart of downtown, it is close to shops, restaurants, and other amenities. It is also conveniently located near major transportation routes, making it easy to get around the island. In addition to its prime location and zoning, this property offers stunning views of the surrounding mountains and ocean. This is truly a one-of-a-kind opportunity to own a piece of Maui's thriving real estate market. Don't miss out on the chance to own 158 Market Street Wailuku.