Maui Real Estate Blog
Kula Agricultural Property Opportunity
Rare Opportunity for a Large Scale Kula Greenhouse Property
This 4.5 acre agriculturally zoned property is a rare offering in the Maui market. The Kula property includes a large scale nursery operation with 11 green houses of approximately 12,000 square feet each and two residential structures.
Green House Spaces and Nursery Potential
The sellers upgraded four of the greenhouses with custom irrigation and cooling systems, and state-of-the-art growlight systems. The property operates under a license to produce Cannabis/Hemp with THC levels not to exceed .03% in accordance with USDA standards. The advanced infrastructure enables the existing owners to produce monthly yields in excess of 350 lbs of high end Cannabis/Hemp. The license for Cannabis/Hemp production is non-transferable. Potential buyers should do their own due diligence about the process to acquire their own license.
The seven additional greenhouses offer tons of room for the cultivation of tropical plants and flowers. Current crops include Bromeliads, Poinsettias and a large variety of other ornamental plants.
The Residential Area
In addition to the agricultural component, there is a 4 bedroom, 2 bathroom, 1,654 square foot main home and a 2 bedroom, 1 bathroom ohana with 828 square feet of living space. The residential spaces provide potential living areas for the new owners, nursery and farm staff or both.
The Maui Real Estate Team co-listed this Kula agricultural opportunity with Colliers. Initial showings will only include greenhouses, infrastructure and the exterior of the homes. The house and cottage will be shown on second visits. The seller requires buyers to complete a confidentiality agreement prior to showings. Listed for $7,900,000. Check out the 248 Piiwale Road MLS listing for additional details. Take advantage of this rare offering. Farm properties with this sort of infrastructure don’t come to market very often on Maui.