Piiholo Rd, Makawao/Olinda/Haliimaile, 96768
Business Opportunity - Business For Sale
$8,850,000
MLS® #: 406643
POTENTAIL FOR A MAJOR WATER SYSTEM PROJECT in Upcountry Maui, where water is in desperate need. This is a very unique opportunity for the right investor to purchase an existing well and associated easements to create a string of wells, storage facilities, and a distribution system on a municipal level (see associated docs for a complete list of easements and easement map). The existing well site located off Pi’iholo Road has an approximate daily production capacity of 1.2 million gallons. The associated easement system has strategic areas for additional well sites and storage facilities, with potential for a distribution system from Makawao Avenue up Pi’iholo Road. A strategy for an investor may be to connect a high-capacity water production system to existing Maui County water sources, and assist Maui County in alleviating the extreme water shortage that has been facing Upcountry Maui for decades. This listing is for an easement interest only and does not convey fee simple ownership. Buyer to conduct independent due diligence. Easements are subject to existing land use regulations and any applicable county ordinances.
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