Incredible lncome Producing Property | 95-1148 Naalehu Spur RD.
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Incredible lncome Producing Property 95-1148 Naalehu Spur RD.
3,987 SF Retail Building Naalehu, HI 96772 £1,564,900 (£393/SF)
Investment Highlights
- Attractive Cash Flow
- Impeccable Location
- Seller Financing Available
- Desireable Cap Rate
- Additional 4,959 SF Parking Space
Executive Summary
ALSO INCLUDED WITH THIS SALE IS TMK# 3-9-5-21-32, a vacant land (4,959SF) for ADDITIONAL PARKING.
SELLER FINANCING available.
Incredible opportunity to purchase a fee simple, commercially zoned, income-producing property in the heart of Naalehu, the southernmost town in the US. This turn-key property consists of two amazing food establishments. One is the renowned restaurant Hana Hou, which launched in 1940, offering delicious comfort food and desserts. It has a liquor license and both indoor and outdoor seating. The other is Taco Titas, offering Mexican cuisine. The property also features two charming motel rooms, warehouse, laundry room, and an office. Ample parking space is available on the lot and nearby. Also included in this sale is TMK # 3-9-5-21-32, a vacant land that is approximately 4,959SF, located across the Street. This enticing offer provides additional PARKING space, bringing more business to the property. Take advantage of the tremendous owner-user potential by continuing to run the existing businesses, which are generating an attractive cash flow with a desirable cap rate. Home to two of the few dining options in Ka’u (the largest district on the Big Island), this is an enticing investment. The sale also includes furniture, a comprehensive list of kitchen appliances, and restaurant recipes. Nearby area attractions include South Point, Green Sand Beach, Punaluu Black Sand Beach, the Kahuku Unit of Volcanoe National Park, and Whittington Beach Park. Located just 59 miles from Kailua- Kona and 63 miles from downtown Hilo.
SELLER FINANCING available.
Incredible opportunity to purchase a fee simple, commercially zoned, income-producing property in the heart of Naalehu, the southernmost town in the US. This turn-key property consists of two amazing food establishments. One is the renowned restaurant Hana Hou, which launched in 1940, offering delicious comfort food and desserts. It has a liquor license and both indoor and outdoor seating. The other is Taco Titas, offering Mexican cuisine. The property also features two charming motel rooms, warehouse, laundry room, and an office. Ample parking space is available on the lot and nearby. Also included in this sale is TMK # 3-9-5-21-32, a vacant land that is approximately 4,959SF, located across the Street. This enticing offer provides additional PARKING space, bringing more business to the property. Take advantage of the tremendous owner-user potential by continuing to run the existing businesses, which are generating an attractive cash flow with a desirable cap rate. Home to two of the few dining options in Ka’u (the largest district on the Big Island), this is an enticing investment. The sale also includes furniture, a comprehensive list of kitchen appliances, and restaurant recipes. Nearby area attractions include South Point, Green Sand Beach, Punaluu Black Sand Beach, the Kahuku Unit of Volcanoe National Park, and Whittington Beach Park. Located just 59 miles from Kailua- Kona and 63 miles from downtown Hilo.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,987 SF
Building Class
C
Year Built
1925
Price
£1,564,900
Price Per SF
£393
Tenancy
Single
Number of Floors
1
Building FAR
0.30
Land Acres
0.31 AC
Zoning
CV-7.5 - Commercial Zoning (CV-7.5)
PROPERTY TAXES
| Parcel Number | 3-9-5-021-005-0000 | Improvements Assessment | £214,470 |
| Land Assessment | £90,060 | Total Assessment | £304,530 |
PROPERTY TAXES
Parcel Number
3-9-5-021-005-0000
Land Assessment
£90,060
Improvements Assessment
£214,470
Total Assessment
£304,530
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Makoto Ki - Corcoran Pacific Properties
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Incredible lncome Producing Property | 95-1148 Naalehu Spur RD.
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