$695,000
Active


  • MLS# 639197
  • Multi-Family
  • 12 Beds
  • 7 Full Baths
  • 3,480 SQFT
  • Kau


CASH FLOW INVESTMENT OPPORTUNITY - Extensively renovated multi-function property right near the center of Naalehu town. It offers unique potential for a business, investor, or organization looking to take advantage of the growing interest in this town, one of the Big Island of Hawaii’s hidden gems! The property consists of 3 contiguous lots totaling just under 3/4 of an acre, located on a private road right near the Naalehu community park. It includes multi-family housing and paved parking, highly flexible commercial space with brand-new septic/electric, and a newly rebuilt storage building/workshop on flat land with plenty of room for expansion. Parcel 1 (9-5-009-019) The front parcel contains an 800sqft (600 int/ 200 covered lanai) commercial building which was once the town fish market as well as a licensed commercial kitchen and has been completely remodeled with new electrical, septic and water lines. It is ready to be transformed into a business, cafe or living space as suits your needs. Parcel 2 (9-5-009-020) The middle parcel contains a fully renovated apartment building with 6 separate 2bed/1bth units all with full kitchens, laundry hookups, and attached lanais. There are paved parking spots for each unit. Since this building pre-dates the current building codes, it presents a rare opportunity as being one of the only multi-family properties in the whole region, and the demand for rentals is high! Parcel 3 (9-5-009-021) The rear parcel contains a brand new 500sqft shed with a metal roof, concrete foundation and electrical improvements (no current hookup). It sits at the back of a large, flat parcel ready to be built out to more rentals or whatever you have in mind. Naalehu is in the southernmost region of the island and boasts a number of draws including Southpoint, Green sand and Black Sand beaches, Volcano National Park, famous Punulu’u Bakery, as well as over 1700 acres of coastal preservation land just purchased for future trails.

Presented By
Clark Realty's Photo 808-930-5257

Days On Market
87
Assessed Value
$181,200
Annual Property Tax
$1,846
Tenure
Fee Simple
Tax Key (TMK)
Acres
0.67
Mountain View
Yes
Ohana/ADU
No

Interior

Appliances
None
Refrigerator
Range/Oven
Range Hood
Washer/Dryer
Hook-ups Avail
None
Gross Living Area
3480
Unit Description
Multi-Dwelling

Exterior

Zoning
RS-10
Parking
Unassigned
Road Description
Private
Lot Description
Clear
View
Mountain
Topography
Level
Flood Zone Click to view tooltip
X
Design
Concrete
Wood Frame
Single Wall/Dbl Board

Building Features

Year Built
1964

Utilities

Power
Overhead
Water
County
Wastewater
Cesspool
Septic
Telephone
Cable
Land Line
Internet
Cable

Select a Point of Interest and Radius from the form above.

Kau

When the first Hawaiians migrated north, South Point at the foot of Mauna Loa is likely the first land they saw from their double-hulled voyaging canoes. The Ka'u coastline is truly a majestic sight.

The Ka'u district, which is the southernmost area of the Big Island and the southernmost tip of the U.S, is still a real estate frontier. This is largest district in the State, but the least populated. At its northern boundary lies Hawaii Volcanoes National Park, undeniably volcano goddess Pele’s domain. Dominating the landscape along the coast are black sand beaches and mile after mile of stark lava landscape where forests of ohi'a and a variety of small farms and orchards are flourishing.

Home to several large rural subdivisions created by real estate developers in the mid-1900s as well as historic and culturally significant small villages, Ka'u embraces a very diverse population, many of whom are committed to "keeping country country." Recent proposed resort developments have met with strong community resistance, giving rise to active community groups dedicated to preserving the legacy of ancestral places and the old Hawaiian ways.

Located deep in the hills of Ka'u is Wood Valley, where in 1980 His Holiness the Dalai Lama consecrated and dedicated the Nechung Dorje Drayang Ling Immutable Island of Melodious Sound as a Buddhist temple and retreat. Farther south, along the highway, are the small villages of Pahala and Naalehu. Farther still are the subdivisions of Hawaiian Ocean View Estates, Hawaiian Ocean View Ranchos, Green Sand, Mark Twain and Discovery Harbor.

There are unique real estate opportunities in Ka'u for those who prefer life outside the mainstream. A variety of custom homes, off-grid homes, farms, ranch properties and ocean view lots are available in the Clark Realty Big Island listings.


Please Note: This calculator is designed for research and comparison purposes only. For pre-qualification and a rate quote from a qualified local lender, please contact us and we will connect you with a lender.

Interest rate, taxes, insurance, PMI payments, etc., displayed above are estimates only and are subject to change based on market conditions and individual financial circumstances. Clark Realty is not a lender and does not guarantee that the rate and terms displayed above can be obtained.


Similar Properties are within a 1.5 mile radius and are within 10% of the listing price.


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