Unique opportunity for an investor with vision. A basic rule of thumb in real estate is to invest in the path of growth. Paia Town is one of the fastest growing, most desirable locations on Maui. It is still one of the most affordable places to live. This growth and affordability are drawing businesses, travelers, and Maui residents looking for the promise of an older Hawaiiana experience.
This older home, sitting on nice lot in the path of Paia’s growth, is an interesting opportunity for the right individual. The lot is just under 10,000 square feet and is currently zoned R-1. With rezoning to R-3 or a multi-use designation, the land could be used for multi-tenant housing, mixed use or retail.
The location, 123 Baldwin Avenue, is directly across from the new US Post Office. Businesses have been filling in the space between the Hana Highway and 123 Baldwin - and Paia Town needs room to grow.
Paia started as a plantation town back in the late 1800’s. More recently it has become a mecca for both amateur and professional wind surfers with Hookipa Beach being one the premier wind surfing spots in the world.
For residents and visitors seeking the laid back Maui experience, Paia is one of the coolest places on the island, and it seems to continually redefine “cool” year after year. The blend of unique boutiques, one of a kind shops like Mana Foods, and destination restaurants like Mama’s Fish House (frequently cited as one of the top 10 in the US), Charley’s Saloon (Willie Nelson’s favorite spot on Maui according to the website) and Paia Fish Market (for bargain dining and fresh fish with aloha), make Paia a popular spot for everyone on Maui.
This combination of attractions creates opportunity. Paia needs developed space for business including services and retail. Paia needs residential space as well. Work and living space would also be ideal and all of those make 123 Baldwin the valuable opportunity it is.
Aloha Group Maui is a part of KW Island Living, the Keller Williams Maui franchise. We can help you buy, sell, or exchange a home or condo - for you to live in full time, part time or as an investment. Learn more about Maui Real Estate in our Maui Real Estate 101 resources section. Stay informed of market trends by reading the Maui Real Estate Advisor. We are your Maui Real Estate Professionals.