95-1132 Puaala Pl
$695,000
Price:
$695,000
Bedrooms:
12
Bathrooms:
7
MLS:
(ACTIVE) 639197
Interior Area:
3,480 sqft
Price/sqft:
$200
Year Built:
1964
Lot Size:
0.67 acre(s)
Land Tenure:
Fee Simple
Property Type:
Multiple Property Types
On Market:
May 19, 2020
Updated:
Jul 10, 2020
Foreclosure:

Listing Remarks

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.

Property Location