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. 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.
95-1148 NAALEHU SPUR RD NAALEHU HI 96772
Turn Key Income Producing Property on a Commercially Zoned Lot
95-1148 NAALEHU SPUR RD NAALEHU 96772
Courtesy of Corcoran Pacific Properties
Basic Details
| MLS | Price | Address |
| 702113 | $2,000,000 | 95-1148 NAALEHU SPUR RD NAALEHU 96772 |
| Property Type | District | Subdivision |
| Commercial | Kau | KAWALA |
| Year Built | Terms | Assessed Value |
| 1031 Exchange,Assumption,Cash,Conventional | $385,300 | |
| Taxes | Monthly Fees | Assessed Year |
| $4,122.72 |
| MLS |
| 702113 |
| Price |
| $2,000,000 | Address |
| 95-1148 NAALEHU SPUR RD NAALEHU 96772 |
| Property Type |
| Commercial |
| District |
| Kau |
| Subdivision |
| KAWALA |
| Year Built |
| Terms |
| 1031 Exchange,Assumption,Cash,Conventional |
| Assessed Value |
| $385,300 |
| Taxes |
| $4,122.72 |
| Monthly Fees |
| Assessed Year |
Interior
| Appliances | Features | Washer/ Dryer |
| Half Baths | Full Baths | Total Baths |
| 3 | 1 | 4.03 |
| Bedrooms | Floors | Total SF |
| 2 | 3,987 | |
| Window Treatments | Fireplace | |
| Appliances |
| Features |
| Washer/ Dryer |
| Half Baths |
| 3 |
| Full Baths |
| 1 |
| Total Baths |
| 4.03 |
| Bedrooms |
| 2 |
| Floors |
| Total SF |
| 3,987 |
| Window Treatments |
| Fireplace |
Exterior
| Design | View | Lot Description |
| Garage SF | Fencing | Lot Area |
| 13,297 | ||
| Tenure | Lava Zone | Exterior Area |
| Fee Simple | 6 | |
| Zoning | Oceanfront | Pool |
| CV-7.5 | N | N |
| Roads | Schools | |
| County |
| Design |
| View |
| Lot Description |
| Garage SF |
| Fencing |
| Lot Area |
| 13,297 |
| Tenure |
| Fee Simple |
| Lava Zone |
| 6 |
| Exterior Area |
| Zoning |
| CV-7.5 |
| Oceanfront |
| N |
| Pool |
| N |
| Roads |
| County |
| Schools |
Utilities
| Heating/Cooling | Phone | Power |
| Gas,Overhead,Solar/Photovoltaic | ||
| Sewer | Solid Waste Disposal | TV Access |
| Septic | Private Contractor | |
| Water | ||
| County |
| Heating/Cooling |
| Phone |
| Power |
| Gas,Overhead,Solar/Photovoltaic |
| Sewer |
| Septic |
| Solid Waste Disposal |
| Private Contractor |
| TV Access |
| Water |
Building/Community Information
| Building Name | No. of Units | Parking |
| Security | Unit Description | |
| Building Name |
| No. of Units |
| Parking |
| Security |
| Unit Description |
Location
Last Updated: May 29, 2023 @ 15:20
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